BREAKING: Fed rate futures now show a 100% chance of NO interest rate hike at tomorrow's Fed meeting.
However, there is still a 65% chance of a 25 bps interest rate hike in July.
Only 1 interest rate CUT is currently expected for the entire 2023.
Markets were waiting for CPI.
Key Events This Week:
1. May CPI Inflation data - Tuesday
2. May PPI Inflation data - Wednesday
3. June Fed meeting - Wednesday
4. Retail Sales data - Thursday
5. Initial Jobless Claims - Thursday
6. 2 Fed speakers Friday, blackout period ends
Volatility returns this week.