Inflation data and the Federal Reserve’s policy meeting will headline this week’s economic events—but retail sales numbers, regional central bank manufacturing index readings, and consumer sentiment will be other important data investors will watch.
The May consumer price index (CPI) report will be released on June 13. The consensus estimate is an annual print of 4.1 percent, according to the Federal Reserve Bank of Cleveland’s Inflation Nowcasting.
If accurate, this would be down from the April headline number of 4.9 percent. The monthly CPI is forecast to edge up 0.2 percent, down from 0.4 percent.
Core CPI, which strips the volatile energy and food components, is expected to slip to 5.3 percent, down from 5.5 percent in the previous month. The month-over-month core inflation rate is anticipated to remain the same at 0.4 percent….