US inflation rose less than expected to 2.4% in May

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Inflation in the United States rose lower than expected to 2.4 percent in May, even as President Donald Trump feeds price.

On Wednesday, the annual consumer price index was less than 2.5 percent of analysts that included Bloomberg, but higher than 2.3 percent recorded in April.

The basic procedure, which expels the changes in food and energy prices, has remained fixed at 2.8 percent, compared to slight rise expectations.

Economic inflation It is expected to increase more in the coming months, as the effect of the Trump tariff, which was revealed in April, is transferred to consumers and companies in the world’s largest economy.

The United States is currently 10 percent fees for most imports, as well as a significant increase in goods from China.

The US Treasury’s return in the United States decreased for two years, which is generally moving with monetary policy expectations, approximately 0.1 percentage points after the report to less than 3.95 percent. American stock futures jumped, with those who follow the S&P 500, an increase of 0.4 percent. The dollar index decreased by 0.4 percent.

However, the American federal reserve It is expected to hold Borrowing costs In between 4.25 percent and 4.5 percent when it meets next week, in anticipation of more inflation.

Trump has Accumulated The President of the Federal Reserve, Jay Powell, must follow the progress of the European Central Bank and the Bank of England and reduce borrowing costs this year, which led to reducing a full percentage and called Powell “a disaster”.

The preferred inflation scale of the Federal Reserve, a personal consumption expenditure index, has decreased to 2.1 percent in April, but it is also expected to rise in the coming months.

This is a developing story