Peter Cardillo: U.S. inflation data did not accelerate, but is significantly affected by the war
ChainCatcher news, according to Golden Ten Data, Peter Cardillo, Chief Market Economist at New York Spartan Capital Securities, stated that the US CPI data has not accelerated for now. From a year-on-year perspective, the 2.4% level is not far from the Federal Reserve's 2% target, which can be seen as a form of relief. However, these data still depend on the progress of the war. If the war lasts for a long time and oil prices remain at current levels or rise further, we may see higher inflation in the coming months.
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