Following the publication of the CPI data the short term interest rate futures rose in the USA. Wall Street is pricing in a higher probability of interest rate cuts by the Fed. US interest rate futures now imply an approx. 70% chance of a rate cut by September. Gold ($965515 (-0,82 %)) is also reacting positively.
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The latest CPI data for May has been reported:
- CPI (month on month): Actual 0,0%, estimated 0,1%, previously 0,3%
- CPI (year for year): Actual 3,3%, estimated 3,4%, previously 3,4%
- Core CPI (month on month): Actual 0,2%estimated 0,3%, before 0,3%
- Core CPI (year on year): Actual 3,4%, estimated 3,5%, previously 3,6%
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