The last mile is always the hardest. The Bureau of Labor Statistics will reveal the much-awaited consumer price index (CPI) inflation report on Tuesday, June 13, coinciding precisely with the kickoff of the Federal Open Market Committee's two-day rate-setting meeting.
The convergence of all the essential economic elements sets the stage for market fireworks next week.
Investors widely expect the Fed to pause its rate-hike campaign in June, assigning a 73% probability to this scenario, according to the latest CME Group FedWatch tool. Rising expectations on a Fed rate pause have been one of the key factors...
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