The stock market

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Interesting read

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Markets on Monday were pricing in a roughly 75% chance the Federal Reserve keeps rates unchanged in June, [according to data from the CME Group]('https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html'). The Fed raised interest rates at each of its previous 10 meetings.

"It is hard to overstate the importance of the May CPI print for the June FOMC decision the following day, with markets highly sensitive to either upside or downside surprises," Citi Research wrote in a note to clients. "For the actual Fed decision, the month-on-month change in core CPI will be the key figure to watch."

Citi warned investors, "A 0.4% MoM increase in line with our forecast (0.37% unrounded) would be strong enough to tip the scales for Fed officials towards a hike (although market pricing would still be unlikely to fully price a hike)."

Bank of America said [used car prices ]('https://finance.yahoo.com/news/used-car-market-in-uncharted-territory-as-high-prices-remain-sticky-edmunds-says-211127991.html')are a key driver behind its forecast for a strong core CPI print. The bank said it expects used car prices to rise 2.7% month-over-month, following a 4.4% increase in April.

[COLOR=rgb(209, 72, 65)][SIZE=4][/SIZE][/COLOR]
[COLOR=rgb(209, 72, 65)][[SIZE=4]shaking off her funk?[/SIZE]]('https://finance.yahoo.com/quote/EL?p=EL')[/COLOR]

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