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MLCC Market Bulletin_20240522
Last Modified
2024-05-22
Update Frequency
Aperiodically
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Overview
The US economic data for 2Q24 has been mixed. The latest reports show that the US CPI rose by 3.4% YoY for April, with a lower growth rate as expected by the market. However, the country’s PPI unexpectedly climbed up in the same month, reaching a 12-month high with a YoY increase of 2.2%. This indicates that the trend of inflation is fluctuating in the US. Although the US Federal Reserve has stated that it is not considering raising interest rates, any rate cuts will likely be further delayed. The Fed’s view is that maintaining a high-rate environment may be necessary at the present...
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