Analyst Marte said a CPI print matching expectations would mark a second consecutive month of price gains outpacing wages, further denting already‑weak consumer sentiment. Average hourly earnings rose 3.4% YoY in May, the slowest pace since 2021. Consumers face higher gasoline, grocery and other goods prices. A New York Fed survey shows jobseekers’ outlook deteriorated: a growing share fear they will be unemployed within a year and subjective odds of finding another job fell in May.

2026-06-10

Analyst Marte said a CPI print matching expectations would mark a second consecutive month of price gains outpacing wages, further denting already‑weak consumer sentiment. Average hourly earnings rose 3.4% YoY in May, the slowest pace since 2021. Consumers face higher gasoline, grocery and other goods prices. A New York Fed survey shows jobseekers’ outlook deteriorated: a growing share fear they will be unemployed within a year and subjective odds of finding another job fell in May.