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US CPI Preview: Prices Are on the Rise
Financial markets are treading water amid a lull in trading activity. Futures tracking the bellwether S&P 500 stock index on Monday posted their lowest volume day since Jan. 9. A similar lull appeared in 30-year Treasury bond futures. The spotlight now turns to US inflation data for a catalyst to break the deadlock. The May edition of US consumer price index (CPI) figures is expected to show headline inflation accelerated to 2.5% year-on-year, up from 2.3% in April. Perhaps most importantly, the core measure excluding volatile food and energy prices – the focus for Federal Reserve officials – is seen rising to ... (full story)
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