quick take
- The US Consumer Price Index (CPI) report will be released at 08:30 ET today And it will affect the outcome of tomorrow’s FOMC meeting.
- April’s CPI year-on-year was 4.9%. Estimated arrival in May 4.0%.
- Core CPI in May is expected to grow 5.3% year-on-year. This metric refers to low volatility components of CPI, such as food and fuel.
- Currently, 79% of the market is in favor of “skipping” the rate hike after tomorrow’s FOMC.
- The current US Federal Funds rate is 5.00-5.25.
Market Expects “Skip” Rate Hike at FOMC Meeting” Post First appeared on CryptoSlate.
