The US Bureau of Labor Statistics reported Thursday that consumer prices had increased by 5% in May since a year earlier, the fastest increase since 2008. The month-on-month rise of 0.6% was also much higher than expected. The yield on US Treasurys, which typically rises when holders expect higher inflation,
Inflation: A Global Phenomenon
Inflation: A Global Phenomenon
Inflation: A Global Phenomenon
The US Bureau of Labor Statistics reported Thursday that consumer prices had increased by 5% in May since a year earlier, the fastest increase since 2008. The month-on-month rise of 0.6% was also much higher than expected. The yield on US Treasurys, which typically rises when holders expect higher inflation,