ANZ Bank anticipates US CPI: US inflation back on track

The July 11th data from Jin10 News, ANZ Bank expects the core CPI in the United States to rise by 0.20% month-on-month in June, while the overall CPI will remain flat. The bank believes that restrictive monetary policy is balancing supply and demand, thereby reducing inflationary pressures. Statistical analysis of consumer prices indicates that although rental inflation remains high, inflationary pressures are normalizing. After a brief acceleration in inflation at the beginning of the year, Federal Reserve officials are becoming more optimistic, and the anti-inflation trend has returned to normal. However, the Federal Reserve wants more long data to be sure that the inflation rate will continue to return to 2%, thus making it possible to relax monetary policy.