food and energy

May 2022 Monthly Market Update

Investors will be talking inflation again next week with the latest read on consumer prices due to arrive on June 10. Economists anticipate that headline inflation will be 8.2% Y/Y for May vs. 8.3% in April and see core CPI after backing out food and energy costs trickling down to 5.9% from 6.2%. Some analysts are holding open the possibility of a relief rally if there is no upside CPI surprise.

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