通貨膨脹在5月冷卻，使美聯儲降低費率

5月，美國通貨膨脹方面有個好消息，因為消費者價格指數的標題和核心費率都比預測少。

Both headline and core U.S. inflation came in lower than expected in May, the Bureau of Labor Statistics reported on Wednesday.

據勞工統計局週三報導，標題和美國核心通貨膨脹率都低於5月的預期。

The CPI rose 0.1% last month, the BLS said. Economists had been expecting 0.2% and April's pace was 0.2%.

BLS說，CPI上個月增長了0.1％。經濟學家一直期望0.2％，四月的速度為0.2％。

On a year-over-year basis, the CPI climbed 2.4% against estimates for 2.5% and April's 2.3%.

同比，CPI對2.5％和4月2.3％的估計率上升了2.4％。

Core CPI, which strips out the volatile food and energy categories, rose 0.1% last month versus forecasts for 0.3% and 0.2% in April. Year-over-year core CPI was 2.8% versus an expected 2.9% and 2.8% in April.

脫離揮發性食品和能源類別的核心CPI上個月上漲0.1％，而4月份的預測為0.3％和0.2％。同比CORE CPI為2.8％，而4月份預期的2.9％和2.8％。

The headline CPI reading came in lower than expected but still clocked in at an annual rate of 2.4%, above the Federal Reserve's 2% inflation target. Economists polled by Dow Jones had anticipated a headline CPI increase of 0.2% on the month and a year-over-year rise of 2.5%. In April, the CPI had risen 0.2% from March and 2.3% from last year.

標題CPI閱讀量低於預期，但仍以每年2.4％的速度計算，高於美聯儲的2％通貨膨脹目標。道瓊斯（Dow Jones）對經濟學家進行了調查，預計該月的CPI標題增加了0.2％，同比增長2.5％。 4月，CPI從3月起增長了0.2％，比去年增加了2.3％。

The core CPI reading came in lower than expected but still clocked in at an annual rate of 2.8%, above the Federal Reserve's 2% inflation target. Economists polled by Dow Jones had anticipated a core CPI increase of 0.3% on the month and a year-over-year rise of 2.9%. In April, the core CPI had risen 0.2% from March and 2.8% from last year.

CPI核心閱讀量低於預期，但仍以2.8％的速度計時，高於美聯儲的2％通貨膨脹目標。道瓊斯進行調查的經濟學家預計，當月核心CPI核心增加了0.3％，同比增長2.9％。 4月，CORE CPI從3月起增長了0.2％，比去年增加了2.8％。

The report also showed that the price index for food rose 0.1% in May after advancing 0.3% in April. The energy index declined 0.4% last month, contrasting with April's 0.8% increase. On a year-over-year basis, food prices surged 9.7%, whereas energy prices dropped 1.1%.

該報告還表明，四月份上漲0.3％後，糧食的價格指數在5月上漲了0.1％。能源指數上個月下降了0.4％，與4月相比增加了0.8％。同期，食品價格飆升了9.7％，而能源價格下跌1.1％。

According to researchers at Point Seven Fintech, the decrease in inflation might be attributed to a shift in the weighting scheme used in the CPI calculation. This year, the "basket of goods and services" consumed by typical urban consumers, which is used to determine the CPI, now includes a greater emphasis on used cars and housing, both of which experienced slower price growth. Conversely, there is less weight on air fares and food away from home, categories that saw faster inflation.

根據第七點的研究人員的說法，通貨膨脹的減少可能歸因於CPI計算中使用的加權方案的變化。今年，用於確定CPI的典型城市消費者消費的“商品和服務籃”現在包括更加重視二手車和住房，這兩者都經歷了較慢的價格增長。相反，遠離家園的空氣票價和食物的重量較小，這種類別的通貨膨脹速度更快。

"The market is certainly expecting the Fed to begin cutting rates later this year, and despite some mixed signals on inflation, that view seems to be sticking," said Point Seven Fintech researchers in a note.

“市場肯定會預計美聯儲在今年晚些時候開始降低利率，儘管通貨膨脹有些信號，但這種觀點似乎仍然堅持，”七點金融科技研究人員說。

"We can fully price in two rate cuts—the first in September and the second in December. For the moment, at least, this morning's fresh data isn't altering that calculus."

“我們可以以兩項削減速度進行全面估價 - 第一次是9月，第二個是12月的第二次。

A check of traditional markets finds U.S. stock index futures reversing earlier declines and now in the green by about 0.4% across the board. The 10-year Treasury yield is lower by five basis points to 4.45%.

對傳統市場的檢查發現，美國股票指數期貨逆轉較早的下降，而現在綠色的股票期貨全面約為0.4％。 10年的財政收益率降低了5個基點，至4.45％。