- Last Thursday’s release of initial jobless claims data for week of Jun 3rd soared to 261k, higher than both prior period and survey estimates of 232k and 235k respectively, and also the highest since October 2021.
- May’s CPI print will be out one day ahead of the FOMC rate decision, with survey estimates at 0.2% m/m, which is lower than prior period’s 0.4% m/m, increasing the likelihood of the start of an extended hawkish rate pause.
- Consequently, i...