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2021/06/11 / Erste Group Research

US inflation rises and rises - markets remain calm

As in April, the May inflation data for the US showed a value that was well above market expectations. Despite the fact that the inflation rate was not only high, but was even higher than expected, the bond markets did not react. Nevertheless, we do not believe that US yields will remain at current levels over the coming months.

Next week, the US Fed will decide on monetary policy. In fact, the deciding body FOMC cannot help but continue to adopt a wait-and-see stance. The latest data has not shown any substantial progress towards the monetary policy targets, which was set as a prerequisite for a reduction in monthly securities purchases (tapering) by the FOMC.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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