🇺🇸 The US Conference Board labour market differential fell to a new cycle low in September, suggesting a further rise in the unemployment rate. Consistent with continued Fed dovishness on the employment mandate.
Economists who produce detailed inflation forecasts expect the June CPI to have been relatively mild, following a lower-than-expected reading for May.
The median of these forecasts has the June core index up 0.22%, which would hold the 12-month rate steady at 3.4%