Preliminary CPI for May: 1.9% YoY (Forecast 2,0% YoY; Previous 2,2% YoY
Monthly CPI: 0.0% MoM (Previous: 0.6% MoM)
Core CPI 2.3% YoY (Forecast: 2.5% YoY; Previous: 2.7% YoY)
Monthly Core CPI: 0.0% MoM (Previous: 1.0% MoM)
Headline inflation is back below 2% target and core reading is also easing significantly which should supports not only cut on Thursday, but maybe more than 2 cuts this year.
Daily summary: Semiconductors weigh on Wall Street 📉 Oil rises 3%, US30 cools after record highs
Nasdaq selloff 🚩 DeepSeek and Samsung earnings reaction sink semiconductor stocks
📈 OIL gains 2%
US Open: US100 loses 1% as semiconductors retreat 📉 BigTech stocks and DJIA gain