Additionally, the fundamental and headline numbers may be considered outdated or backward looking, given the recent decline in oil prices. WTI crude futures fell to $70, significantly below the $100-plus level seen during the Iran war in March and April. Headline inflation is expected to reach 4.1%, its highest level since early 2023, largely driven by energy prices.
“The main question is not whether the headline and fundamental numbers will increase – as is generally expected – but rather to what extent these numbers are already ‘outdated,'” noted economist Mohamed A. El Erian, former CEO of Pimco, on X.
“These figures come ahead of the recent sharp fall in oil prices, which will bring down headline inflation and ease some pressure on the base. The question being debated is to what extent, including whether May will prove to be the month of peak inflation.”
Beyond the inflation numbers, pay attention to the volatility of Strategy’s common stock, MSTR, and preferred stock, STRC, as well as AI names on Wall Street. MSTR is showing a well-known major downtrend (check daily signal). Stay vigilant!
Read more: For analysis of current altcoin and derivatives activity, see Crypto Markets Today. For a full list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
