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."
In brief:
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.
Though tariffs remain a potential inflation risk, the combination of subdued price pressures and a cooling—but still solid—labour market strengthens the case for Federal Reserve rate cuts this year, especially if employment slows further.
ICYMI:
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
Finally We wish PressBee provided you with enough information of ( Tame CPI boosts Fed rate cut expectations )
Also on site :
- Four dead and two missing after San Antonio drenched with strongest rains in more than a decade
- Kevin Costner Reveals Which of His Iconic Characters Would Have the Most Complicated Coffee Order (Exclusive)
- '80s Metal Legend Celebrates the Legacy of Brian Wilson: 'A Huge Inspiration'