White House Official: Headlines US inflation will be elevated amid higher gas prices Inflation UnitedStates CPI EconomicIndicator Energy
A White House official said in a Fox News interview late Wednesday, they expect headline inflation to be elevated because gas prices were 8.5% greater in April than in May.Will seep into CORE inflation through airline tickets because of the price of jet fuel.
The gains in the labor market & demand for goods don’t indicate we are in a recession. They said it is “very unlikely”.They are tracking a shift is spending habits from buying goods to buying services. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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