Big data drop incoming!
At 8:30 PM ET tonight, the May US Core PCE Price Index will be released — one of the Fed's favorite inflation gauges.
Consensus from Reuters, Barclays, Standard Chartered, and Goldman Sachs: +2.6% YoY.
A key pivot signal?
Soft landing confirmed — or higher-for-longer rates ahead?
Markets are bracing. Expect volatility.