All eyes on Fed's next move as US inflation jumps to 5% in May

Beating analysts' expectations

Anna Fedorova
clock • 3 min read
US inflation jumps again in May
Image:

US inflation jumps again in May

US inflation jumped to 5% year-on-year in May from 4.2% in April, beating analysts’ expectations of a 4.7% increase, as the US economy continues its swift recovery from the shock of the pandemic.

Core inflation also increased to 3.8% year-on-year, more than the expected 3.5%, marking the fastest annual rate of increase since June 1992. The surge in core inflation is in part due to the successful...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

T. Rowe Price acquires Oak Hill Advisors

T. Rowe Price acquires Oak Hill Advisors

$53bn AUM

Georgie Lee
clock 28 October 2021 • 2 min read
Ten key takeaways from the Autumn Budget 2021

Ten takeaways for advisers from Autumn Budget 2021

OBR forecasts, business rates and spending review

clock 27 October 2021 • 9 min read
The Chancellor does a final run-through of his Budget speech Photo: Flickr/HMTreasury

Autumn Budget 2021: Sunak introduces new fiscal rules as OBR revises growth forecast

Unemployment forecast downgraded

Lauren Mason
clock 27 October 2021 • 2 min read