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: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
Wheat drops amid higher than expected WASDE report
NATGAS slightly gains after the EIA inventories change report
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈