An Indian government official said global fertilizer prices are unlikely to fall and the number of suppliers has declined.

BofA global research forecasts US May headline CPI +0.46% MoM, lifting YoY to 4.2% from April’s 3.8% — the highest since April 2023 — driven by a renewed large rise in energy. Core CPI is seen at +0.20% MoM, 2.8% YoY. The bank attributes the call to modest core goods gains (+0.05% MoM), rents trending toward normalization and softer ex-rent core services. Markets will focus on how the CPI print informs core PCE; BofA notes core PCE has run above core CPI since last November, making this CPI release particularly relevant for policy outlook.

Apple (AAPL.O): Siri's visual intelligence will also come to VisionOS, allowing users to query objects simply by looking at them.