May Inflation Data Could Boost the Case for Rate Cuts | Presented by CME Group

[Music] The May consumer price index data showed a modest increase in inflation with CPI rising 0.1% month overmonth below the expected 0.2% with year-over-year headline inflation measured 2.4%. This reading has shifted some of the sentiment regarding interest rates after last week's stronger than expected labor data. The CME Fed Watch tool has increased the probability of a September rate cut from 6040 to 7030 after the release of the CPI data.The May CPI data suggests a cooling but stable inflation enviro ...