Favorable Market Response to CPI Numbers

The Federal Reserve is predicted to hit the brakes on interest rate hikes tomorrow, June 14th, after the CPI reveals a more favorable outlook. Food prices climbed 0.2% in May, and shelter and transportation costs also rose. But overall, the CPI only surged 0.1% in May - noticeably slower than the 0.4% rate in April. All eyes are on the CPI, which stands at 4%, the slowest rate of increase in two full years. The stock market is reacting favorably to the new CPI numbers. The S&P500 is seeing a considerable increase of 1% this morning, as investors look ahead to the Federal Reserve’s decision regarding interest rates tomorrow. Let me know in the comments. 🤔 💰 Join My FREE Discord Group: 🚀 Connect With Me on Social Media! ►► ► My LINK TREE ◄◄◄ 👍 JOIN Bitfolio Academy Coaching Community: 🔥 FREE Cyptocurrency Course: 💻 Bitfolio Academy Blog: 💵 Send me a Satoshi: ⚡️bitfolio@ Crypto Sherpa 🚀 Sharing lessons on crypto as I try to minimize risks and shorten time horizons 📈 Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. #inflation #cpi #finance #stockmarket #stocks #investing #news #economy