Hot US week - or not?

This week we have a hot US menu which in turn will give keys to the FED policy ahead. Core CPI on Tuesday 13th failed to impress with an increase of +0.1% vs +0.2% expected which mostly erases any chances of a FED hike tomorrow Wednesday 14th June. 

Furthermore if we check the CPI evolution for the past 12 months, we will notice that June 2022 had a booster of +1.2% againts today's lame 0.1%. 

This can be read as a clear effect of FED's hiking policy, and can signal (nearly clearly) that hiking cycle may and should come to an end soon ahead. 

Renaissance Capital Markets Limited