Forex Today: Investors on edge ahead of Fed rate decision, dot plot – by eren_fxstreet Majors Currencies Macroeconomics Fed Commodities
, declined to 4% on a yearly basis in May from 4.9% in April, the US Bureau of Labor Statistics announced on Tuesday. The Core CPI, which excludes volatile food and energy prices, edged lower to 5.3% from 5.5% in the same period, as expected. The CME Group FedWatch Tool's probability of a 25 bps Fed rate hike fell below 10% after the inflation report.
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