Consumer Inflation in May Eases, Core CPI Stays Elevated as Real Earnings Fall

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #58317
    MoneyNeverSleeps
    Participant

    USD moved lower after CPI but has seen a bounced back higher erasing most of the declines. The JPY is the strongest and the CHF is the weakest. The USD is near unchanged (with 0.10% of the close) vs the EUR, GBP, CHF, CAD and AUD. It is lower vs the JPY and the NZD.

    Dow industrial average -85.63 points or -0.25% at 33476.64
    S&P index +9.83 points or 0.24% at 4129.15
    NASDAQ index +98.21 points or 0.81% at 12278.51

    2 year yield 3.953% -7.1 basis points. The yield is back below the 4% level today
    5 year yield 3.410% -8.5 basis points
    10 year yield 3.457% -6.4 basis points. It’s yield is back below 3.5%
    30 year yield 3.806% -4.3 basis points

    At lunch

    #58305
    TradersCom
    Keymaster

    Annual inflation cooled for the tenth straight month on a year-over-year basis, total CPI was up 4.0%, its lowest level since April 2021, below last m
    [See the full post at: Consumer Inflation in May Eases, Core CPI Stays Elevated as Real Earnings Fall]

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.