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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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euronews.com
US inflation reaches 4.2%, clouding Fed rate-cut outlook
Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's…
