NKE - Wall Street Brunch: Did Inflation Bottom For The Year In May?
2024-06-23 13:08:00 ET
Summary
- Core PCE price index forecasted to rise 0.2% monthly, easing to 2.6% annually, with inflation mainly impacted by rents.
- Nike earnings report to focus on margin improvement and innovation investments, potential for stock rally if worst-case scenario avoided.
- Apple and Meta reportedly held talks about an AI partnership.
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The following is an abridged transcript:
The Fed’s favorite inflation gauge headlines this week just as traders are warming up to the idea that slower growth will allow the FOMC to cut rates in September.
A cool number on the May core PCE could boost odds of a quarter-point cut then They now stand just above 60%. That’s up from just below 50% at the end of May. The 2-year Treasury yield (US2Y), most closely tied to the fed funds rate, is around two-month lows....
Wall Street Brunch: Did Inflation Bottom For The Year In May?