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Fast Take
The U.S. Shopper Worth Index (CPI) report is due at 08:30 ET as we speak and can affect the end result of the FOMC assembly tomorrow.
April’s year-over-year CPI got here in at 4.9%. Might’s is forecasted to come back in at 4.0%.
Might’s year-over-year core CPI is forecasted to come back in at 5.3%. This metric refers to CPI much less risky elements, together with meals and gas.
At present, markets are 79% in favor of a charge hike “skip” following tomorrow’s FOMC assembly.
The present U.S. Fed Funds Price is 5.00-5.25.
Fed Funds: (Supply: CME)
The put up Markets anticipate charge hike ‘skip’ at FOMC assembly appeared first on CryptoSlate.
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