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So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging between 0.2% and 0.3% all week largely because based on the inputs from the PPI and CPI reports, the general sense was that it would come in at somewhere between 0.22 and 0.28% to two ...
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The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose ...