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Breaking News Desk Editorial

May U.S. Inflation Data Falls Short of Estimates

Abhishek Sharma
Founder & Editor-in-Chief
Published: Updated: 1 min read
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May U.S. Inflation Data:

– CPI: 3.3% YoY (Estimate: 3.4%)
– CPI: 0.0% MoM (Estimate: 0.1%)

– Core CPI: 3.4% YoY (Estimate: 3.5%)
– Core CPI: 0.2% MoM (Estimate: 0.3%)

– U.S. short-term interest-rate futures surge following inflation data, with traders now anticipating a greater likelihood of Fed rate cuts.
 
– U.S. stock index futures extend gains in response to May CPI data.

– Fed swaps now fully price in a quarter-point rate cut in November.

– U.S. interest-rate futures indicate approximately a 70% chance of a Fed rate cut by September.

– Gold prices rise as U.S. May CPI unexpectedly slows.

The market has fully priced in two 25 basis points rate cuts in 2024 through Federal Reserve swaps.

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Abhishek Sharma
Founder & Editor-in-Chief

Abhishek Sharma

I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire

Last reviewed by Abhishek Sharma on August 31, 2026

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