Today the U.S. Bureau of Labor Statistics released the CPI (Consumer Price Index) for May.

With tomorrow’s release of the Consumer Price Index by the U.S. Bureau of Labor Statistics and next week’s FOMC meeting many analysts, experts and market participants are extremely concerned that the current inflationary pressures will not subside.

The Federal Reserve has stated on multiple occasions that decisions regarding revisions to their monetary policies and forward guidance is data-dependent.