The US May CPI is approaching, inflation trends may stagnate, and a comprehensive overview of macro data next week.

Web3_Visionary · 2025-06-07T15:20:28+00:00

Important macro data to be released next week includes U.S. wholesale sales for April, May CPI, and initial jobless claims, among others. In particular, the May CPI is expected to test the market's optimism regarding interest rate cuts, with an overall CPI year-on-year rise of 2.4%. Analysts predict that the core goods inflation rate will peak in the fall.

Web3_Visionary

2025-06-07 15:20:28

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On June 7, the important macro data release nodes for next week are as follows:

Monday 22:00, US April Wholesale Sales MoM; Monday 23:00, US May New York Fed 1-Year Inflation Expectations; Wednesday 20:30, US May CPI data; Wednesday 22:30, US EIA crude oil inventory, Cushing crude oil inventory, strategic petroleum reserve inventory as of the week ending June 6. Thursday 20:30, Initial jobless claims in the US for the week ending June 7, and US May PPI; Friday 22:00, U.S. June one-year inflation rate expectation preliminary value, U.S. June University of Michigan Consumer Confidence Index preliminary value.

Next Wednesday’s U.S. CPI report for May will test the market’s optimism about a rate cut, as it could show a halt in the near-term downward trend in inflation. According to the Cleveland Fed’s Nowcast model forecast, headline CPI is expected to rise 2.4% year-over-year in May, up from 2.3% in the previous month; Core CPI is expected to rise 2.8% year-on-year, unchanged from the previous month. Analysts expect three-month annualized core goods inflation to peak (4%-5%) early this fall, slightly lower and delayed than predicted before the “reciprocal tariffs” were suspended on 8 May.

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