The Not So Good CPI Report | May Inflation Numbers

Details about the Consumer Price Index (CPI) for the month of May

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Today the consumer price index was released for the month of May. Inflation came in at 1% month over month with the expectation of coming in at 0.7%
Less food and energy items (Core Inflation) came in at 0.6% with the expectations of coming in at 0.5%
Inflation increased 8.6% over the year for all items.
Many people were hoping that we saw a peak in last month's CPI report for April but with this data we see no evidence of a peak. This is going to cause the Federal Reserve to take a more aggressive approach against inflation in their next meeting on June 15th. Coming off this information, the market had a good sell off as people didn't like what the CPI report consisted of. We can also expect that the Fed will be going through with a 50 basis point rate right in their next meeting.

Overall the report was not good.

Please stop by the channel on June 15th after the FOMC meeting. I will be making a video covering the main points of that meeting. In the meeting they will be discussing their actions while considering this report so be sure to stop by!
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*Note that I am not a financial advisor and nothing in this video should be taken as financial advice. This video is for entertainment purposes only.*

Sources:
https://www.bls.gov/news.release/cpi.nr0.htm
http://www.sca.isr.umich.edu

#CPI #FederalReserse #Inflation