![US payrolls and inflation point to a 0.25% rate increase in May](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/How-worried-should-we-be-about-US-inflation/Insight_Infocus_US_Inflation_Worries_530x480px.jpg/jcr:content/Insight_Infocus_US_Inflation_Worries_530x480px.jpg)
US payrolls and inflation point to a 0.25% rate increase in May
March data on the US labour market and inflation support a 0.25% increase in the fed funds rate at the May Federal Open Market Committee meeting. In this Macro Flash Note, GianLuigi Mandruzzato summarises the key insights from the latest releases.