This week's main market event comes Thursday with the release of the June consumer price index report.
This week's main market event comes on Thursday with the release of the June consumer price index report — which could shed light on when the Federal Reserve will cut interest rates. Economists polled by Dow Jones expect CPI to have risen 0.1% month over month in June and 3.1% year over year. Core CPI, which excludes volatile food and energy prices, is forecast to have expanded by 0.2% month over month and 3.4% year over year.
25% rounded to 0.3% could be initially negative but a 0.2% print on the screen is likely viewed positively," JPMorgan traders wrote. The S & P 500 would increase 0.25%-0.75% under this outcome. 15% chance — CPI rises 0.25%-0.3%: The S & P 500 would drop 0.75%-1.25% under this scenario, as such a report could show shelter prices increasing. 15% chance — CPI gains by 0.1%-0.
Stock Markets S&P 500 Index Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading CPI: How stocks may react to latest inflation report, according to JPMorgan tradersInvestors will get the May consumer price index report, the latest look into the state of U.S. inflation, on Wednesday before the market opens.
Read more »
Japan's National CPI rises 2.8% YoY, but Core CPI rises less than expectedJapan's National Consumer Price Index (CPI) rose on an annualized basis, with headline CPI inflation climbing 2.8% YoY versus the previous print of 2.5%.
Read more »
Live Coverage: CPI inflation set to rock Gold, US Dollar stocks ahead of the Fed dot plotSuper Wednesday is here – the Consumer Price Index (CPI) inflation report is set to show an increase of 0.3% in core CPI and a minor decrease in core CPI YoY to 3.5%.
Read more »
GBP/USD: How to Trade the UK CPI as Pair Eyes 1.26 Support TestForex Analysis by Fawad Razaqzada covering: EUR/USD, GBP/USD, FTSE 100, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
JPMorgan answers why the next three weeks are critical for BidenJPMorgan answers why the next three weeks are critical for Biden
Read more »
JPMorgan answers why the next three weeks are critical for BidenJPMorgan answers why the next three weeks are critical for Biden
Read more »