The U.S. Bureau of Labor Statistics released June inflation data on July 13. The consumer price index (CPI) rose by 9.1% year-on-year, higher than market expectations of 8.8% and higher than May's 8.6%. According to US media, this is a new high since December 1981. U.S. inflation

The U.S. Bureau of Labor Statistics released June inflation data on July 13. The consumer price index (CPI) rose by 9.1% year-on-year, which was higher than the 8.8% expected by the market and higher than the 8.6% in May. According to US media, this is a new high since December 1981.

U.S. inflation in June rose 9.1% year-on-year, exceeding expectations. Traders are betting on the chance that the Federal Reserve will raise interest rates at its July interest rate meeting 1%, soaring from 7.6% on Tuesday to 42% on the 13th, with a rate hike of 0.75%. The expected chance rate dropped significantly from 92.4% to 58%.

US inflation data exceeded expectations. International crude oil prices fell sharply on Tuesday, and the crude oil market continued to be turbulent. On Wednesday (July 13), West Texas Intermediate (WTI) crude oil futures fell again after plummeting 7.9% on the previous trading day. As of press time, they fell 0.86% and closed at the lowest point in nearly three months.

The current oil price has given up the gains after Russia invaded Ukraine . After Russia invaded Ukraine, it pushed the US benchmark oil price to more than 130 US dollars per barrel in March. Crude oil prices pose high risks to the global economic recovery, with signs that fuel costs are starting to "take a toll" on demand growth, according to a monthly report from the International Energy Agency.

The U.S. core CPl rose 5.9% year-on-year, higher than market expectations of 5.7%. U.S. media CNBC quoted economic experts as saying that considering the recent decline in gasoline prices, the broad CPl in June may have "peaked." However, Michael Ashton, an American expert who has been paying attention to inflation rates, wrote that core CPI may remain high this year.

U.S. White House spokesperson Karine JeanPierre previously said on July 11 that the White House had expected the U.S. consumer price index to be very high in June, mainly due to the sharp rise in oil prices in June, but she also pointed out that this This situation has become "past tense".

The International Monetary Fund (MF) on July 12 lowered its economic growth forecast for the United States in 2022 and 2023 and warned that a broad surge in inflation poses "systemic risks" to the U.S. and global economies.