BofA: What we expect from the US June CPI print on Thursday ...Middle East

Bank of America believes the Fed will first cut rates in December but conceded that much of what happens next could hinge on Thursday's jobs report. The market is pricing in 19 bps of easing through the Sept FOMC and 50.6 bps by year end.For this report, BofA forecasts a modest increase in both headline and core CPI, which should be favorable for the Fed.Key Points:Headline CPI: Expected to rise by 0.1% month-on-month (0.11% unrounded) due to another drop in energy prices, leading to a year-on-year rate of 3.2% and an NSA index of 314.770.Core CPI: Predicted to increase by 0.2% month-on-month (0.24% unrounded). Although slightly higher than May, it would still be a positive outcome for the F

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BofA: What we expect from the US June CPI print on Thursday ...Middle East

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