Reported about 1 year ago
The May Consumer Price Index (CPI) report indicates stable inflation rates of 3.3% year-over-year, slightly below expectations. Interactive Brokers Senior Economist José Torres discusses the report, highlighting positive aspects and the growing anticipation of rate cuts. He mentions the market's response to various economic indicators leading to positive rallies. Torres also analyzes key consumer segments and forecasts potential future monetary policy adjustments, suggesting a cautious approach toward future rate cuts. Overall, the report reflects encouraging signs for the market, indicating a possible path towards rate cuts.
Source: YAHOO