(Washington Composite Electric) The latest price index in the United States shows that inflation is not completely suppressed, which means that the US high interest rate is expected to last for a while.
The Personal Consumption Expendital Price Index announced the March (April 26th).This is the main indicator of the Federal Reserve to evaluate inflation.
This index rose 0.3%in March, an increase of 2.8%year -on -year, which was the same as last month.The worrying inflation data for three consecutive months show that the Fed's efforts to reduce inflation to 2%are stagnation, indicating that the time of the first interest rate cut is delayed.
Investors were originally expected to cut interest rates once or twice from November this year, but people are increasingly worried that the Fed will not cut interest rates at all this year.Economists believe that the Fed may be postponed until next year to reduce interest rates.
Els, a senior economist at the insurance and financial company National Els, said: "We don't think the Fed will consider to relax the monetary policy, and at the earliest at the September meeting ...It is a major downlink risk facing economic growth next year. "
Fed Chairman Je Powell stated last week that because inflation data exceeded expectations for three consecutive months, the federal interest rate may be maintained at a high level.
