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Hartnett: Brace For June Event Risk, And CPI Print That Could Pop The Bubble
"outside shot US unemployment rate could equal CPI for just 7th time since 1960; years when inflation running close to or above unemployment rate (e.g., '66, '73, '90, '00, '08, '21), years of Fed hikes, and none remembered well on Wall Street."
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Hartnett: Brace For June Event Risk, And CPI Print That Could Pop The Bubble
"outside shot US unemployment rate could equal CPI for just 7th time since 1960; years when inflation running close to or above unemployment rate (e.g., '66, '73, '90, '00, '08,…
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Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average SPX -4% next 3 months, -7% next 6 months.