GBP/USD Surges on Strong Inflation, Solidifying Expectations of June Rate Hike
The UK Consumer Price Index (CPI) remains steady at 8.7% YoY in May, while core inflation unexpectedly rises to 7.1% from 6.8%, indicating that inflationary pressures have not yet peaked. The surge is attributed to factors such as used car prices, recreation, and airline tickets, suggesting that inflation extends beyond food and fuel. This data […]
Federal Reserve Meeting Minutes Reveal Split Views on Interest Rate Hikes
The recently released meeting minutes of the Federal Reserve showcased a division among officials regarding the necessity of further interest rate increases. While some members advocated for additional hikes, others suggested a gradual reduction, according to Economies.com. In the previous month, the Federal Reserve had raised interest rates by 25 basis points. However, the minutes […]
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