The release of the May inflation data on Tuesday morning is eagerly awaited by investors, as it has the potential to significantly influence market sentiment ahead of the two-day Federal Open Market Committee policy meeting and interest rate announcement Wednesday.
What Are Economists Expecting From May CPI Report?
Consensus economist estimates suggest a sharp decline in headline inflation from 4.9% in April to 4.1% in May. On a monthly basis, the Consumer Price Index is expected to show a modest 0.2% increase, slowing down from the 0.4% recorded last month.
Core annual inflation, which excludes energy and food items, is also expected to...
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