Some economists say the rise in CPI reflected short-term adjustments related to a reopening economy, and many investors appear to be confident that the Fed is deftly handling a rebound in economic growth - even as questions remain about how it defines "transitory".Data overnight showed U.S. consumer price index posted its biggest year-on-year increase at 5% since August 2008, following a 4.2% rise in April.
At the same time, U.S. Labor Department data also showed the lowest level of new claims for unemployment benefits in nearly 15 months last week.
France Dernières Nouvelles, France Actualités
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