May Core PCE at 4.7%, S&P 500 Bruised Despite Better-than-Expected Inflation Data

U.S. May core PCE falls on a year-over-year basis, cooling to 4.7% from April's 4.9%, but fails to improve market sentiment amid growing recession fears.

from DailyFX – Market News https://bit.ly/3uf7CUb
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Euro Price Forecast: EUR/USD Below 1.05 After ECB’s Sintra Forum Spells Uncertainty

EUR/USD is testing two-week lows after a hawkish Fed and hesitant ECB yesterday. U.S. inflation will be back under the microscope today along with the ECB’s Lagarde.

from DailyFX – Market News https://bit.ly/3aaItTM
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