US CPI accelerated to 4.2% year over year in May, the highest since early 2023, as the Iran war lifted energy prices. Core CPI rose 0.2% month over month and 2.9% year over year, indicating persistent underlying inflation pressure. The print is likely to reinforce cautious, potentially hawkish expectations for monetary policy and broad market risk sentiment.
US CPI accelerated to 4.2% year over year in May, the highest since early 2023, as the Iran war lifted energy prices. Core CPI rose 0.2% month over month and 2.9% year over year, indicating persistent underlying inflation pressure. The print is likely to reinforce cautious, potentially hawkish expectations for monetary policy and broad market risk sentiment.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
