Snippet from UBS on what's ahead this week: CPI, FOMC, and more fresh S&P 500 record highs? On the CPI (due Wednesday, 12 June 2024 at 8.30 am US Eastern time (1230 GMT)):A reading around the previous result (April @ 3.4% y/y) is likely to be enough to ensure investors remain confident in the outlook for continuing lower inflation:"It would take a sizeable upside beat, similar to those in 1Q, to shake investor confidence in that trend"On the Federal Open Market Committee (FOMC) (statement due Wednesday, 12 June 2024 at 2pm US Eastern time (1800 GMT) with Powell's media conference due a half hour later). US say:dot plot will almost certainly who two cuts to come this year (down from 3 shown a
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