Key Data Consumer Inflation:
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CPI Inflation preliminary (m/m): -1% (forecast -0.9%; previous 0.4%)
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HICP Inflation preliminary (m/m): -1.1% (forecast -0.9%; previous 0.5%)
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CPI Inflation preliminary (y/y): 1.2% (forecast 1.3%; previous 0.9%)
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HICP Inflation preliminary (y/y): 1.1% (forecast 1.3%; previous 0.8%)
Key Data Producer Inflation (PPI):
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PPI Inflation (m/m): -0.2% (previous 0.5%)
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PPI Inflation (y/y): 0.1% (previous 0.5%)
Daily Summary: Wall Street Rotation – Dow Jones gains while AI sector counts losses
BREAKING: Oil inventory report still shows a decline. WTI crude oil at its lowest since the end of February
Fed Warsh tones down the hawkish sentiment and gives hope gold bulls🟡
US Open: Market under pressure from US data and lack of guidance from Warsh