The US Federal Reserve must fight inflation without stalling the economy.
(Photo: Reuters)
New York, Frankfurt After the surprising rise in inflation in the United States, the pressure on the US Federal Reserve to counteract this is increasing. The inflation rate for goods and services rose to 8.6 percent in May – the highest level since December 1981, the Labor Department announced in Washington on Friday. In April, inflation was still 8.3 percent and had fallen for the first time since August last year.
Analysts had only expected a rate of 8.3 percent in May. “Inflation is far from peaking,” said Naeem Aslam, chief market analyst at brokerage firm Ava Trade. “There will be more such high numbers to come.”
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