US CPI Surprise Reinforces Soft Landing Case but Markets Eye PPI Confirmation
From Investing.com: 2025-06-12 01:47:00
Yesterday’s market was highly volatile, reacting to softer U.S. inflation data with the S&P 500 finishing unchanged. The breached 22,000 but ended lower, while the Canadian hit all-time highs. Crypto markets saw a retracement, with down nearly 1%. prices remained steady around 3,300, boosted by Trump’s news on Iran talks. The strengthened against the and the after a weak start. Tomorrow’s focus is on U.S. Producer Price Index data and a bond auction, offering insights on market sentiment. Weekly report is also due, with expectations at 240K.
Read more at Investing.com: US CPI Surprise Reinforces Soft Landing Case but Markets Eye PPI Confirmation