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US equity futures advance as inflation eases rate hike fears
May CPI hit 4.2% year-over-year, matching expectations and easing fears of aggressive Fed rate hikes. Equity futures rose ahead of Warsh's first FOMC
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zerohedge.com
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.
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Inflation Expectations Dip, Driven By Lower Gas Prices, While Labor Market Prospects Worsen: NY Fed Survey
The modest drop in year-ahead expectations took place as 1-year gas inflation expectations extended its recent decline, sliding to 4.96% in May from 5.11% in April and from 9.42%…
