CPI, PPI and an Energy Shock: The Full Inflation Picture Before the Fed Meets | Weekly Market Note

May's inflation data came in hot — and the producer side signals more pressure ahead. James Maxwell (Director of Research) and Alex Varner (Managing Director of Research) at Main Management walk through what CPI, PPI, and a historic energy spike mean for portfolios, the Fed's June meeting, and the months ahead.

What's covered in this episode:

- CPI Hits a Three-Year High: May CPI rises to 4.17% year-over-year, its highest reading since May 2023
- Energy PPI Posts Its Largest Monthly Increase on Record: PPI climbs to 6.4% year-over-year as energy drives the surge
- The One Bright Spot: Core CPI comes in below forecast at 2.82%, offering a measure of relief
- Real Wages Turn Negative: Price gains outpace earnings as the squeeze on consumers deepens
- Hard Data vs. Soft Data: NFIB hiring plans fall to their lowest since May 2020, while ADP tells a different story
- Sentiment Off the Floor: Michigan consumer sentiment edges off its all-time low as inflation expectations cool slightly
- The Strait of Hormuz Reopening: What a potential energy price pullback means for CPI over the next 2–3 months
- Housing Stays Range-Bound: Existing home sales inch higher, but elevated rates and prices keep the ceiling intact

Click here to read this week’s full Weekly Market Note: https://www.mainmgt.com/wp/wp-content/uploads/2026/06/Main-Management-Weekly-Market-Note-6-12-26.pdf

Видео CPI, PPI and an Energy Shock: The Full Inflation Picture Before the Fed Meets | Weekly Market Note канала Main Management