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- Fed: More than one last hike not necessary – Commerzbank
Fed: More than one last hike not necessary – Commerzbank
US consumer prices rose only slightly in June. The pressure for further rate hikes has eased noticeably, in the view of economists at Commerzbank.
US inflation is on the right track
In the US, there are increasing signs that inflationary pressure is easing. In June, consumer prices rose by only 0.2% compared with the previous month. The core rate (which excludes energy and food), which is important as a measure of the underlying trend, was also only 0.2%, the smallest increase since February 2021.
While the Federal Reserve is still likely to raise interest rates again at the end of the month, the data support our view that this should be the last hike.
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