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Wednesday, June 12th, 2024
This trading session was, in some ways, the story of two shoes dropping. The first, ahead of todayâs open, was the Consumer Price Index (CPI) for May, which came in better than expected: 0.0% month over month (decidedly not inflationary), and +3.3% on the year-over-year Inflation Rate: 20 basis points (bps) below the April tally. The second shoe to drop is the latest Federal Open Market Committee (FOMC) meeting the afternoon, where the Fed unsurprisingly kept i...
>>> Read more: Fed, Powell Lay Out Inflation Expectations
This trading session was, in some ways, the story of two shoes dropping. The first, ahead of todayâs open, was the Consumer Price Index (CPI) for May, which came in better than expected: 0.0% month over month (decidedly not inflationary), and +3.3% on the year-over-year Inflation Rate: 20 basis points (bps) below the April tally. The second shoe to drop is the latest Federal Open Market Committee (FOMC) meeting the afternoon, where the Fed unsurprisingly kept i...
>>> Read more: Fed, Powell Lay Out Inflation Expectations
