US CPI data due Wednesday, core expected just under 3% y/y

US May CPI data is due at 8.30 am US Eastern time on Wednesday, June 11, 2025.

Both headline and Core are expected higher from the previous month.

The Wall Street Journal's Nick Timiraos gives a sneak peek of what analysts expect:

Its not just CPI that is expected to be higher for longer:

• Deutsche Bank warns of a higher for longer Fed rates, a growing risk to US borrowers
• ICYMI: Citi also forecasts Fed interest rates higher for longer, see Sept cut (from July)