Key Points
- May CPI inflation rises to 2.4%, below expectations of 2.5%.
- Core CPI inflation was 2.8%, below expectations of 2.9%.
- For the first time since January 2025, headline CPI inflation is back on the rise.
- Odds of the Fed cutting rates next week are down to 0%.
- 4th straight month of inflation coming under expectations
Good CPI + US-China trade deal looks bullish?
Related post: #1003408
Thanks. Just seen it. I was gathering data and that link was posted minutes ago. Media is just complementing everything to Trump and Tarrifs but the real news is that there is now 0% chance of rates going down unless Powell loses his job.
I agree, that’s very interesting.
“Things are getting worse, but not as fast as we thought.”
Signs of some exciting times ahead!