CPI Inflation Data and its Impact on the Stock Market and Fed Rate Cut Expectations

The recent release of the Consumer Price Index (CPI) data for May has had a significant impact on the stock market and expectations of a potential Federal Reserve rate cut. The CPI remained flat over the previous month, easing concerns about rising inflation.

This news has led to a surge in stock prices, with US futures and major indices experiencing gains. Investors are now eagerly awaiting the Federal Reserve's policy decision and updated economic projections.

While the Fed is expected to maintain current interest rates, the CPI data may influence future rate cut projections. The market is closely watching for any signals from the Fed that may indicate a change in their cautious stance on rates.