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Barchart
Barchart
Rich Asplund

INSANE: Markets expect hawkish skip from today s fomc meeting - The Real Truth

U.S. price pressures slowed in May, supporting the case for the FOMC today to pause their rate-hike campaign.  The federal funds futures market is discounting only a 10% chance of a +25 bp FOMC rate hike today.

The U.S. May CPI eased to +4.0% y/y from +4.9% y/y in Apr, better than expectations of +4.1% y/y and the smallest increase in over two years.  Also, May final-demand PPI eased to +1.1% y/y from +2.3% y/y in April, better than expectations of +1.5% y/y and the smallest increase in more than two years. 

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