Fed's Rate Pause Bolsters Case for Cooling Inflation and Rallying Stocks.
TL;DR
The US core CPI prices are expected to have risen by 0.4% in May, in line with continued strength in the labor market that will have worked to support demand, implying an acceleration in the Fed's preferred sub-category of services ex. housing. However, if core prices were to accelerate to 0.5% in May, policymakers would be compelled to hike rates in June. The data is due at 8.30am user, which is 1230 GMT.
- US CPI preview: 'A hotter advance in categories outside of energy and food' ForexLive
- Fed poised for respite on rate hikes. Now the hurt begins. POLITICO
- CPI preview: Inflation expected to have cooled further in May ahead of Fed decision Yahoo Finance
- 3 Stocks to Rally if the Fed is Done Raising Rates Zacks Investment Research
- Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause Forex Factory
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