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.
US ADP employment below estimates! EURUSD extends gains 📈
Gold surges 2%, breaks above a one-month high 🔼 Weaker dollar and oil fuel precious metals
Nasdaq 100 rebounds as earnings and lower yields restore risk appetite - 4 interesting charts 📈
Economic calendar: US macro data and big tech earnings🔎