US Inflation high to 40-Year in may

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The inflation rate in the US rose to maximum of 40 years in May

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which is a sign that inflationary pressures are concentrating on the economy.

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Consumer price index has risen by 8.6% since last year at an all-time high

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Department of Labor figures showed on Friday.

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The so-called core CPI, which removes volatile food components and energy,.

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Sal Guatieri, chief economist at BMO Capital Markets, said in the letter.

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The Treasury's two-year yield jumped, shares opened lower and the dollar rose.

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Traders have a full price target of three key points - 50 points over the next three Fed policy meetings in June, July and September.

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Labor market conditions are likely to keep rising pressure on service prices in the coming months..

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50 points over the next three Fed policy meetings in June, July and September.

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