American inflation meets expectations, but this is not necessarily good

Expectations are funny. When we say that something meets expectations, we tend to mean this in a positive way, indicating that an obstacle has been wiped or the result is welcome.

But what happens when we expect something bad, and the results meet expectations?

US consumer price index in June I mentioned By Labor Statistics Office on Tuesday, Dow Jones estimated consensus. There was even a pleasant surprise: the basic inflation, which excludes the prices of flying food and energy, increased by 0.2 % per month, which is less than 0.1 percentage points.

However, both an annual inflation and inflation numbers, on an annual basis, have reached the highest level since February.

“The latest inflation in the United States confirmed in practice that President Trump’s tariff had acted to raise the prices of consumer in June,” He said Matthew Ryan, head of the market strategy at Global Financial Services Ebury.

Thus, while inflation numbers did not surprise market monitors and investors – the markets really hate the inability to predict – The fact that the increasing expectations were still weighed on stocks, which often fell to the news.

The movements of yesterday’s market also show – and as much as many of us, after the performance reviews with our supervisors, they know – sometimes, the expectations are not good enough.

Trump -backed encryption laws have failed to clarify a major obstacle in Congress

Many of Trump -backed currency bodies failed to remove a major procedural obstacle on Tuesday in the House of Representatives, as it deals with a major blow to the encryption industry.

The measures were expected to pass widely. Al -Qaeda’s failure during what was described as “encryption week” was a rare example of Republicans in the House of Representatives to follow Trump’s guidance.

– Irene Duhreti