
Has US inflation peaked? Understanding rising prices and SA’s consumer confidence slump
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In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses whether US inflation has peaked yet, and a plunge in South African consumer confidence. US headline PCE inflation for May was at 4.1% y/y, but since end-April the oil price has fallen almost 34%. This should bring down inflation in June – however there may be other inflationary pressures, which would force the US Fed to hike rates.


