Inflation in the United States in May may return to the "4 era"! Wall Street's rate cut dream shattered, the Federal Reserve may be forced to resume "raising interest rates"

Zh tng cijng APP noted that, with the continued rise in living costs for American consumers, the inflation data set to be released on Wednesday is expected to break another unpleasant threshold. If Wall Street's consensus forecast is accurate, the US CPI for May is expected to rise by 0.5% month-on-month, with a year-on-year inflation rate reaching 4.2%. This would be the first time the CPI has exceeded 4% since May 2023, and also mark the highest reading since April of that year.