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.Hence then, the article about tame cpi boosts fed rate cut expectations 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.
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