I=7
CPI rose 0.5% in May, in line with estimates
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CPI rose 0.5% in May, in line with estimate and below 0.6% in April.
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Core CPI rose 0.2%, below 0.3% estimate and down from 0.4% in April.
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On a yearly basis, CPI rose 4.2% while core CPI rose 2.9%, both in line with expectations but up from 3.8% and 2.8%, respectively.
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Energy prices contributed more than 60% of the monthy increase in inflation.y
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The market largely expects the fed to remain on hold on next week.
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S&P 500 and Nasdaq 100 futures are down more than 0.6% but likely due to Iran conflict and continued selloff of chip stocks.
