Daily Poll: CPI stands for Consumer Price Index
US May CPI is scheduled to be released on Friday, June 10.
May’s CPI is expected to be just slightly cooler than April, and some economists are expecting it could confirm that inflation has peaked.
Art Hogan, chief market strategist at National Securities, said year-over-year headline inflation is expected at 8.2%, just below April’s 8.3% pace.
Art Hogan, chief market strategist at National Securities, said year-over-year headline inflation is expected at 8.2%, just below April’s 8.3% pace.
“If CPI comes in at or near consensus, I think investors could feel better,” he said.
Hogan said the market’s late May breakout helped sentiment, even though stocks backtracked in the past week. “Investors are in a more constructive place, and that can carry through if CPI is anywhere near consensus or better,” he said.
Hogan said the market’s late May breakout helped sentiment, even though stocks backtracked in the past week. “Investors are in a more constructive place, and that can carry through if CPI is anywhere near consensus or better,” he said.
CPI, PPI, UMCSENT
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