01:30 PM BST, United States - Inflation Data for May:
- CPI: actual 0.0% MoM; forecast 0.1% MoM; previous 0.3% MoM;
- CPI, n.s.a: actual 0.17% MoM; previous 0.39% MoM;
- CPI: actual 3.3% YoY; forecast 3.4% YoY; previous 3.4% YoY;
- Core CPI: actual 3.4% YoY; forecast 3.5% YoY; previous 3.6% YoY;
- Core CPI: actual 0.2% MoM; forecast 0.3% MoM; previous 0.3% MoM;

US short-term interest-rate futures jump after inflation data; traders price in a bigger chance of Fed rate cuts
The market closely watched core services excluding housing and auto insurance to differentiate between forward-looking indicators and remnants of past inflation. The market is now fully expecting two FOMC rate cuts this year, with an 80% probability of a cut in September.
On a year-on-year basis, inflation remains high and here the largest negative contribution continues to be used cars. However, investors' attention has focused on the m/m figures, which remained unchanged from April. The only noticeable contribution is shelter prices, which are significantly lagging the rest of the sector. Today's Fed decision could be interesting, in particular Jerome Powell's speech after the decision announcement.

🔴Daily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions
⚠️Three Markets to Watch Next Week (11.09.2026)
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations