2 years ago
Quick Take
- The U.S. Consumer Price Index (CPI) study is owed astatine 08:30 ET today and volition power the result of the FOMC gathering tomorrow.
- April’s year-over-year CPI came successful astatine 4.9%. May’s is forecasted to travel successful astatine 4.0%.
- May’s year-over-year core CPI is forecasted to travel successful astatine 5.3%. This metric refers to CPI little volatile components, including nutrient and fuel.
- Currently, markets are 79% successful favour of a complaint hike “skip” pursuing tomorrow’s FOMC meeting.
- The existent U.S. Fed Funds Rate is 5.00-5.25.
Fed Funds: (Source: CME)The station Markets expect complaint hike ‘skip’ astatine FOMC meeting appeared archetypal connected CryptoSlate.
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