Quiet Day Ahead of Fed, Inflation This Week

Monday, June 10th, 2024We’re quiet today ahead of the opening bell. I’ll stop short of calling this the “quiet before the storm,” though this week does bring us key market nutrients: Consumer Price Index (CPI) and Producer Price Index (PPI) reports on Wednesday and Thursday, respectively. Last month, we were greeted with a +3.4% Inflation Rate and +3.6% on core CPI year over year. These are far better numbers than we were seeing in post-pandemic inflation, but still notably higher of where the Fed wants to ...