Rick Rieder is BlackRock CIO of Global Fixed Income. He says that with CPI coming in below expectations means "significantly increases the likelihood of Fed cuts this year, particularly if there is material slowing in employment."
US inflation came in softer than expected for the fourth straight month, with both headline and core CPI easing. Core services inflation is now at its lowest 3- and 6-month annualised pace since mid-2021, while shelter inflation has returned to pre-pandemic levels.
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US May core CPI +2.8% vs +2.9% y/y expected This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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