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.
🌾Chart of the day: Why is wheat gaining so strongly?
Economic Calendar - Waiting for Jackson Hole and ECB meeting minutes
⚡Morning Wrap: Nvidia wows with results again (08.26.27)
Daily Summary: Wall Street holds its breath: Hotter PCE inflation and Nvidia report in the shadow of Putin's threats