May CPI dropped last week. Headline: above 4% for the first time — driven by gasoline +28% YoY. Core CPI: 0.2% MoM — lighter than expected. Slight relief. Th...

May CPI dropped last week.

Headline: above 4% for the first time — driven by gasoline +28% YoY.

Core CPI: 0.2% MoM — lighter than expected. Slight relief.

The Fed meets Wednesday June 17.

Kevin Warsh's first meeting as Chair.

Rate hike odds are now real — fed funds futures