

By Ann Saphir
(Reuters) - Fresh data showing underlying U.S. inflation remained stubbornly hot in May are building a case for a longer string of sharp Federal Reserve interest rate hikes than previously expected, with policymakers primed next week to signal they will have to be more aggressive.
Rising food and record fuel prices pushed the consumer price index (CPI) up 8.6% last month from a year earlier, a U.S. Labor Department report showed Friday, shattering any hopes that inflation had peaked the prior month.
Core CPI - which strips out volatile gas and food prices - rose 6%, down slightly from April's 6.2% pace but far from the "clear and convincing" sign of cooling price pressures that Fed Chair Jerome Powell has said he needs to see before slowing rate hikes.
"So much for the idea that inflation has peaked," wrote Bankrate chief financial analyst Greg McBride. "Any hopes that the Fed can ease up on the pace of rate hikes after the June and July meetings now seems to be a longshot."
Fed policymakers have already all but promised half-point interest rate hikes at their next two meetings - the first next week, and the second in late July.
Some had thought that by September their own rate hikes, along with easing supply chain pressures and an expected shift in household spending away from supply-constrained goods and toward services, would have started to ease price pressures.
Friday's inflation read report suggested the opposite.
Used car prices, which had been sinking, reversed course and rose 1.8% from the prior month; airline fares rose by 12.6% from the prior month, and 37.8% from a year earlier. Prices for shelter - where trends tend to be particularly persistent - rose 5.5%, the biggest jump since February 1991.
Those figures suggest U.S. central bankers may stay locked into half-point increases through their September meeting and even beyond as they try to wrangle inflation lower by slowing the economy.
Traders of futures tied to the Fed's policy rate are now betting on half-point rate hikes at least through September, with some chance of an even bigger rate hike before then. Contracts reflect expectations for the policy rate to end the year in the 3%-3.25% range.
The Fed's current policy rate target is now 0.75%-1%. Fed officials want to get it higher without undermining a historically tight labor market and sending the economy into recession.
May's inflation report appears to make that task even harder.
"These are ugly numbers...I’d say we’ll probably be in a recession in the fourth quarter of this year with confirmation in the second quarter of 2023,” said Peter Cardillo, chief market economist at Spartan Capital Securities.
EUR/USD
1.0582
+0.0028 (+0.27%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
EUR/USD
1.0582
+0.0028 (+0.27%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
GBP/USD
1.2285
+0.0024 (+0.19%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
USD/JPY
135.07
-0.10 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (9)
AUD/USD
0.6934
-0.0014 (-0.21%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (6)
USD/CAD
1.2912
+0.0019 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/JPY
142.92
+0.26 (+0.18%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
EUR/CHF
1.0135
+0.0026 (+0.25%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Gold Futures
1,830.50
+0.20 (+0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
Silver Futures
21.297
+0.138 (+0.65%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Copper Futures
3.7502
+0.0057 (+0.15%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Crude Oil WTI Futures
106.27
-1.35 (-1.25%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (9)
Brent Oil Futures
108.17
-0.93 (-0.85%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Natural Gas Futures
6.145
-0.136 (-2.17%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (6)
US Coffee C Futures
221.00
-2.25 (-1.01%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
Euro Stoxx 50
3,527.55
-5.62 (-0.16%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
S&P 500
3,893.73
-18.01 (-0.46%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
DAX
13,135.20
+17.07 (+0.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
FTSE 100
7,236.65
+27.84 (+0.39%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Hang Seng
22,229.52
+510.46 (+2.35%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (8)
US Small Cap 2000
1,754.80
-7.66 (-0.43%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (9)
IBEX 35
8,187.50
-56.60 (-0.69%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (6)
BASF SE NA O.N.
42.510
+0.295 (+0.70%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
58.95
+1.16 (+2.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
180.78
-0.42 (-0.23%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (8)
Adidas AG
172.03
+1.67 (+0.98%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (7)
Deutsche Lufthansa AG
5.968
+0.002 (+0.03%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Siemens AG Class N
103.68
+1.06 (+1.03%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (8)
Deutsche Bank AG
8.822
-0.097 (-1.09%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (6)
EUR/USD | 1.0582 | Sell | |||
GBP/USD | 1.2285 | ↑ Buy | |||
USD/JPY | 135.07 | ↑ Sell | |||
AUD/USD | 0.6934 | ↑ Sell | |||
USD/CAD | 1.2912 | ↑ Buy | |||
EUR/JPY | 142.92 | ↑ Sell | |||
EUR/CHF | 1.0135 | ↑ Sell |
Gold | 1,830.50 | ↑ Sell | |||
Silver | 21.297 | ↑ Sell | |||
Copper | 3.7502 | ↑ Sell | |||
Crude Oil WTI | 106.27 | ↑ Sell | |||
Brent Oil | 108.17 | ↑ Sell | |||
Natural Gas | 6.145 | ↑ Sell | |||
US Coffee C | 221.00 | ↑ Sell |
Euro Stoxx 50 | 3,527.55 | ↑ Sell | |||
S&P 500 | 3,893.73 | ↑ Sell | |||
DAX | 13,135.20 | ↑ Sell | |||
FTSE 100 | 7,236.65 | ↑ Sell | |||
Hang Seng | 22,229.52 | ↑ Sell | |||
Small Cap 2000 | 1,754.80 | ↑ Sell | |||
IBEX 35 | 8,187.50 | ↑ Sell |
BASF | 42.510 | ↑ Sell | |||
Bayer | 58.95 | ↑ Buy | |||
Allianz | 180.78 | ↑ Sell | |||
Adidas | 172.03 | ↑ Sell | |||
Lufthansa | 5.968 | ↑ Sell | |||
Siemens AG | 103.68 | ↑ Sell | |||
Deutsche Bank AG | 8.822 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,775![]() ![]() (15 ![]() ![]() |
SJC HCM | 6,790![]() ![]() (5 ![]() ![]() |
SJC Hanoi | 6,790![]() ![]() (5 ![]() ![]() |
SJC Danang | 6,790![]() ![]() (5 ![]() ![]() |
SJC Nhatrang | 6,790![]() ![]() (5 ![]() ![]() |
SJC Cantho | 6,790![]() ![]() (5 ![]() ![]() |
Cập nhật 27-06-2022 20:50:29 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,829.21 | -1.75 | -0.10% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 33.470 | 34.130 |
RON 95-III | 32.870 | 33.520 |
E5 RON 92-II | 31.300 | 31.920 |
DO 0.05S | 30.010 | 30.610 |
DO 0,001S-V | 30.810 | 31.420 |
Dầu hỏa 2-K | 28.780 | 29.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $105.05 | +0.38 | 0.36% |
Brent | $108.04 | +0.01 | 0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.080,00 | 23.390,00 |
EUR | 23.932,61 | 25.273,13 |
GBP | 27.815,29 | 29.001,83 |
JPY | 167,64 | 177,48 |
KRW | 15,57 | 18,97 |
Cập nhật lúc 18:53:21 27/06/2022 Xem bảng tỷ giá hối đoái |