The year-over-year change in so-called "core" CPI — which excludes volatile food and energy prices the Fed can’t control — is expected to edge down a tenth of a percent to 3.5%, compared with 3.6% in April and 3.8% in March.
Most investors now expect just one cut, down from the six cuts they expected at the start of the year. As of Tuesday, markets were pricing in a roughly 48% chance the Federal Reserve begins to cut rates at its September meeting, Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
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