Peter Cardillo: U.S. inflation data did not accelerate, but is significantly affected by the war
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ChainCatcher news, according to Golden Ten Data, Peter Cardillo, Chief Market Economist at New York Spartan Capital Securities, stated that the US CPI data has not accelerated for now. From a year-on-year perspective, the 2.4% level is not far from the Federal Reserve's 2% target, which can be seen as a form of relief. However, these data still depend on the progress of the war. If the war lasts for a long time and oil prices remain at current levels or rise further, we may see higher inflation in the coming months.
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