Lates News

Jay Woods, Chief Global Strategist for the Free Capital Markets, predicts that the overall CPI annual rate in the United States will rise from 3.8% to 4.2% in May, the highest level since March 2023. However, what is truly concerning is not the overall data, but those potentially deeply rooted "sticky" items such as housing, insurance, and services. These categories may keep inflation persistently above the Federal Reserve's comfort range because they may stay elevated for a longer period of time. Woods notes that inflation driven by gasoline is typically less concerning, while the continued rise in housing and service prices may be a trend that takes time to reverse.