🔥The current US CPI stands at 3.5% this month. Is this indicative of positive or negative trends? $🔥

🚀🚀🚀In anticipation of this month's CPI data release, forecasts predicted a 3.4% increase compared to the prior month's 3.2%. This suggests that professional investors and institutions were collectively expecting a rise in CPI, likely due to the current robust recovery of the US economy. Therefore, the CPI index of 3.5% shouldn't be a cause for concern. In my view, this data will primarily influence the Federal Reserve's deliberations on the timing of potential interest rate adjustments, which could be pushed back to June 2024. 🚀🚀🚀