June. 10, 2023 7:37 AM ET1 Comment2 LikesWall Street Breakfast
Inflation peak? Today’s Consumer Price Index will provide the first look of inflation data for June, with market participants eager to see if the number topped out last month. Economists expect the figure to rise 8.7% Y/Y, down from the 9.1% clocked in June. Core CPI – which strips out volatile components like food and energy – is still expected to increase 6.1% vs. 5.9%, and that number is set to highly impact whether the Federal Reserve raises rates by 50, 75 or even 100 basis points in September.
