Odaily News Nick Timiraos, the “Federal Reserve mouthpiece,” said there are two potential issues to watch out for in today’s “excellent” inflation report:
① Analysts expect commodity price increases to accelerate in May (and especially in June) as the “Liberation Day” tariffs take effect.
② Given that inflation has cooled down in mid-2024, the year-on-year base itself is no longer advantageous (Note: The annual rate of the US core PCE price index in April was 2.5%, the lowest since March 2021). (Jinshi)