Key Points:
Headline CPI: +0.2% m/m
Preliminary core PCE estimate: +0.2% m/m, 2.7% y/y
Core CPI: +0.26% m/m, 2.9% y/y
Drivers of the Print:
Seasonal softness in autos and contained services inflation capped core gains
Conclusion:
Both banks see a restrained inflation print for May, but with core inflation still too sticky to justify early Fed cuts. A 0.2–0.26% core reading would confirm that while disinflation is progressing, it remains gradual, keeping rate cut expectations in check for now.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about bofa and morgan stanley expectations for the may us cpi report on wednesday was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( BofA and Morgan Stanley expectations for the May US CPI report on Wednesday )
Also on site :
- Nokia Strengthens Edge AI Capabilities Through Strategic Collaboration with Blaize on Hybrid Inference Solutions Across Asia Pacific Regions
- 7 ‘Old-School’ Parenting Phrases Boomers Still Use That Can Come Across as Dismissive
- This New Alaska Cruise Excursion Lets You Get Surprisingly Close to Moose