๐จ ๐๐๐๐๐๐ฆ๐ง ๐๐ฉ๐๐ก๐ง ๐ข๐ ๐ง๐๐๐ฆ ๐ช๐๐๐ ๐จ
#CPI data is coming tomorrow at 6 p.m. IST โฐย
CPI Expectations: 2.3%ย
This CPI data will be crucial.
๐ด If the CPI data comes in higher than expected, then it will be bearish for the market.ย
๐ข If CPI data comes in lower than expected, ๐ต๐ฉ๐ฆ๐ฏ ๐ช๐ต will increase the chances of a rate cut in 2025.
The next FOMC meeting is on 18th June.
The market is expecting that the Fed could announce something positive about the rate cuts in June as the inflation is slowing down and Trump is also forcing Powell to do rate cuts.
But if the inflation comes higher than expected, then the Fed couldn't pivot.
What are your CPI expectations? ๐
