The CPI Consumer Price Index inflation report for May will be released.

Here are the technical bits. last year 0.9%, this year (Y/Y) should come in at 0.2% showing inflation dropping from 4.9% to 4.2%. This will be a significant drop.

Wednesday the Producer Price Index report will also be released. This is the wholesale inflation number. We anticipate an already low 2.3% to go down to 1.5%.

Feds are kicking off a 2-day meeting with their rate hike decision on Wednesday 2:00pm ET. They will have the benefit of seeing both the CPI and PPI numbers before deciding on a pause or rate hike.

Driving from University of Washington (daughter) to Palm Springs this week. Love road trips but maybe not necessarily in a 20 foot U-Haul.