Mr. Fibs - 6/12/24 Market Analysis
CPI Data and FOMC day
Good morning traders and investors. This morning we had the release of last month’s CPI data. The numbers came in as such:
US CPI YOY ACTUAL 3.3% (FORECAST 3.4%, PREVIOUS 3.4%)
US CPI MOM ACTUAL 0% (FORECAST 0.1%, PREVIOUS 0.3%)
US CORE CPI YOY ACTUAL 3.4% (FORECAST 3.5%, PREVIOUS 3.6%)
US CORE CPI MOM ACTUAL 0.2% (FORECAST 0.3%, PREVIOUS 0.3%)
Although the focus of many is that CPI is down, we do have FOMC later where we will learn more about how the Fed is interpreting the data. Still above the target rate, but this morning the data came in soft. Here is the inflation breakdown by category.
WEDNESDAY, JUNE 12
2:00 pm FOMC interest-rate decision
2:00 pm Monthly U.S. federal budget
2:30 pm Fed Chair Jerome Powell press conference
Levels and Analysis
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