The Number Wall Street Has Been Waiting For is Due Today: May’s CPI Report. JUNE 10, 2022

Wall Street is buzzing as investors await the May CPI report, due later this morning, with price gains remaining at their highest level in 40 years. Sarah House of Wells Fargo tells us what to expect from the report. Plus, stocks in China are rising today, including tech stocks like Alibaba, Meituan, and NetEase. Brendan Ahern of KraneShares, shares what is driving the spike in these stocks. And, despite sky-high inflation, Janet Yellen says that a recession is not likely in the works. Dan Very of Palisade Capital Management gives his thoughts on the strength of the economy.