Two important datapoints are coming up in a little bit.
From Calculated Risk
• At 8:30 AM, Housing Starts for May. The consensus is for total housing starts to increase to 950 thousand (SAAR) in May.
• Also at 8:30 AM, the Consumer Price Index for May will be released. The consensus is for a 0.2% decrease in CPI in May and for core CPI to increase 0.2%.
CPI will be particularly interesting to watch, given the upcoming Fed meeting, and the overall disinflation trend.
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