ME News reports that on June 10 (UTC+8), “Fed Whisperer” Nick Timiraos published an analysis stating that the overall CPI rose 0.47% month-over-month (an annualized rate of 5.8%), pushing the unadjusted year-over-year CPI rate to 4.2%, the highest level in three years. On a three-month annualized basis, CPI increased by 8.2%. (Source: ODAILY)
Fed spokesperson Nick Timiraos notes an 8.2% annualized CPI increase over three months.
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Summary
Fed spokesperson Nick Timiraos noted a 0.47% monthly increase in CPI (5.8% annualized), pushing the unadjusted annual CPI rate to 4.2%, its highest level in three years. The three-month annualized CPI surged to 8.2%. As inflation rises, risk-on assets have faced reduced buying pressure. Regulators are also intensifying CFT measures amid macroeconomic uncertainty.
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