Page 9 - Monetary Stimulus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US inflation has reached its highest level since 1991, according to the Personal Consumption Expenditures Price Index, the Federal Reserve's preferred measure of inflation

With all the inflation data due out Wednesday, some currency pairs could get volatile

Going into next year, the Fed is likely to throttle back policies that have kept rates near zero. That presents opportunities — and risks. Nobody wants to repeat the local government fiscal disasters of not so long ago.

Published 3 hours ago US consumer prices shot up 5% year-on-year in May, according to data released by the Bureau of Labor Statistics on Thursday—the steepest such rise since the depths of the recession in May 2008. Core inflation, another measure that omits food and energy prices, seemed even more superheated: 3.8%, the highest since June 1992. Economists had already been predicting that prices would surge by around 4.7%. So the actual 5% figure fed anxieties that the US is settling into a sustained period of inflation—that the Fed is mistaken in its belief that this inflation is “tra...

Watch four key charts for a view on the scenario