Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%

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Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%

This via the Wall Street Journal's Fed watcher Timiraos summarising inflation forecasts for June.

The data is due on Thursday July 11 at 8.30 am US Eastern time (1230 GMT) and will be a key factor for the Federal Open Market Committee (FOMC) into interest rate moves ahead. The Fed is expected to hold at its July meeting but September is looking more and more like it might be live:

ICYMI: Former Fed Kaplan says FOMC is going to position to cut in September

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%

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