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May CPI and More ?3

08:51 10-Jun-26


CPI numbers for May headlined at +0.5% as expected.  Energy is, of course, the main culprit as the Core number was +0.2%, which is a tenth less than expected.  Still, the YoY cost of living is more than double the Fed's 2% target, and it will be interesting to see how messaging changes at next week's meeting.  As communicated a week ago, this service sees increased likelihood for missteps in policy and communication.  The most likely change is an attempt to be proactive, but CrowdWisers has always maintained that if the Fed policy does not correct for its misses actual cost of living will always wind up rising at a multiple of its inflation target.

More recently, the service has pointed out signs that AI investor appetite is nearing its limits, successfully tracking actionable disparities in individual stocks, but it has also noted that corporate appetite has NOT abated.  The market has once again been distracted by statements that clash with reality on the war against Iran.  The investor side may change course yet again as we get SPCX initial pricing and a day of public trading to end this week.