Market Volatility Ahead: US CPI and Central Bank Decisions in Focus

The US CPI figures for May, set to be released today, will be a key sticking point for markets to watch out for as continued strengthening in monthly consumer price inflation will eventually translate to more persistent price pressures down the road. The dollar, Treasury yields, and risk assets are all going to be intertwined as we get to the key risk event later today and the connection will stay in place all through the Fed policy decision tomorrow.