U.S. May CPI data is approaching, and the trend of slowing inflation may stagnate.

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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 inventories, Cushing crude oil inventories, strategic petroleum reserve inventories as of June 6.

Thursday 20:30, Initial jobless claims in the U.S. for the week ending June 7, and U.S. May PPI;

Friday 22:00, U.S. June one-year inflation rate forecast initial value, U.S. June University of Michigan consumer confidence index initial 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%) earlier this fall, slightly lower and delayed than predicted before the “reciprocal tariffs” were suspended on May 8.

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TommyTeacher1vip
· 06-07 20:52
Core data tests the market
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