Inflation in the US are likely to accelerate at a fast pace given the Fed’s monetary policy. The thing with inflation is that when it is not a thread many ignore it and the Fed designs its policy accordingly. The inability to accurately gauge the impact of monetary policy by Fed voting members, as they have displayed time and again, is likely to cause a repeat of the past. Inflation as measured by the PPI is expected to rise above the 2.0% level on an annualized level in May. While one month above 2.0% is nothing to worry about forex traders should keep an eye out for it and at least be aware of it.