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U.S. inflation slows in May with CPI +3.3% year-over-year 0.1% below market expectations.

(Jun 12, 2024)

U.S. inflation slows in May with CPI +3.3% year-over-year 0.1% below market expectations. 10-year yield down ahead of Fed meeting, US $ Index -0.944. Takes chance of first interest rate cut from 47% to 61.3% in September. Takes the pressure off the Fed to be hawkish and how many more better data points do we need to get a cut?

Maurizio “Moe” Agostino

Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.