Imminent CPI Report: Pivotal Inflation Showdown Could Halt Fed's Rate Hikes
Portfolio Pulse from Piero Cingari
The Bureau of Labor Statistics will release the CPI inflation report on June 13, coinciding with the Federal Open Market Committee's rate-setting meeting. Investors expect the Fed to pause rate hikes, with a 73% probability assigned to this scenario. This has been a key factor driving the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to cross the bull market threshold in June.
June 09, 2023 | 8:23 pm
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The CPI inflation report's release could impact the Fed's rate hike decisions, affecting the S&P 500 Index and the SPDR S&P 500 ETF Trust (NYSE:SPY).
The CPI inflation report will be released on June 13, coinciding with the Federal Open Market Committee's rate-setting meeting. Investors expect the Fed to pause rate hikes, which has been a key factor driving the S&P 500 Index and the SPY ETF. If the report shows higher-than-expected inflation, it could lead to a rate hike, affecting the S&P 500 Index and the SPY ETF. However, if the report is in line with expectations, it is likely to have a neutral impact on the S&P 500 Index and the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100