3,882
edits
Consumer Price Index:Historical Releases/2023 May: Difference between revisions
Consumer Price Index:Historical Releases/2023 May (view source)
Revision as of 20:59, 12 June 2023
, 12 June 2023no edit summary
No edit summary |
No edit summary |
||
| Line 9: | Line 9: | ||
*Housing prices had again an increased of 1.5% month-over-month in may. Lags are expected to start to reflect a more modest shelter CPI in coming months, however recent price increases could mean that the moderation could be limited in the short term. | *Housing prices had again an increased of 1.5% month-over-month in may. Lags are expected to start to reflect a more modest shelter CPI in coming months, however recent price increases could mean that the moderation could be limited in the short term. | ||
*Used Car decreased 2.7% m/m and new cars had a modest increase of 0.5% in may. But, May CPI data is most likely to still reflect the significant increases in prices that vehicles saw during Q1 2023. | *Used Car decreased 2.7% m/m and new cars had a modest increase of 0.5% in may. But, May CPI data is most likely to still reflect the significant increases in prices that vehicles saw during Q1 2023. | ||
The markets are now pricing a pause in June meeting, with 78% probability. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | The markets are now pricing a pause in June meeting, with 78% probability. But possibility of a hike in July is at 58% <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
''Range:'' | ''Range:'' | ||