Beat the street: Flat US CPI; Fed double whammy
Flat US May CPI may give investors hope that inflation pressures are finally easing. Consumer price growth is still probably too high for the Fed, which concludes its policy meeting on Wednesday, to warrant September rate cuts.
Investors brace for the FOMC's latest economic projections.
(AI Video Summary)
Flat US CPI data
In today's edition of "Beat the street", the focus is on trading strategies spearheaded by CPI data. Notably, with the CPI showing a slight dip to 3.4%, Wall Street experienced a modest rise, hinting at eased pressure on the Fed regarding immediate rate hikes. Chris Vecchio of tastylive discusses forecasted adjustments in rate cuts, emphasising ongoing Fed data dependency and potential impacts on future decisions.
Share price news
Discussions also include Oracle's fruitful revenue forecast and potential retaliatory tariffs on European car imports by China, impacting stock evaluations for EV makers like Tesla. The trading session wrapped up indulging in possible shifts in oil market dynamics and sector-specific stock movements, particularly in tech giants like Apple.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
