CPI 4.2% blown past expectations, rate cut dreams are totally shattered
May CPI just dropped: year-on-year increase of 4.2%, previous was 3.8%, core CPI at 2.9%.
Inflation isn't cooling down; it's still on the rise.
\June rate cut odds are at zero, and September isn't even at 40%.
The market is re-pricing for "higher for longer".
Oil prices are back above $90, US Treasury yields are skyrocketing, and BTC is testing the $61k edge.
#CPI
May CPI just dropped: year-on-year increase of 4.2%, previous was 3.8%, core CPI at 2.9%.
Inflation isn't cooling down; it's still on the rise.
\June rate cut odds are at zero, and September isn't even at 40%.
The market is re-pricing for "higher for longer".
Oil prices are back above $90, US Treasury yields are skyrocketing, and BTC is testing the $61k edge.
#CPI