U.S. May CPI is expected to be up 4.2% year-over-year and 0.5% month-over-month, breaking 4% for the first time since May 2023; core CPI is up 2.9% year-over-year and 0.3% month-over-month. Energy prices were driven up by the Iran conflict, concerns about inflation spreading increased, and oil price stickiness strengthened. Charles Schwab's Sanders said that besides energy, factors such as money supply and AI are involved; if data exceeds expectations, it will suppress the stock market. The Trump administration stated that post-war inflation will decline, but she said supply is damaged, oil prices are unlikely to return to lows, and inflation will be difficult to restart with a single move. GT