May’s softer PPI data missed forecasts, easing inflation fears and boosting odds the Fed may pause rate hikes—bearish for USD, bullish for equities.

Producers of metals and other raw materials rose after muted wholesale inflation data and a continued slide in the U.S. dollar. Wholesale prices rose 0.1% in May from April, a less pronounced gain than economists had forecast. The data weighed on the dollar, which has already lost 10% of its value against a basket of rivals in the last 12 months.

Here are the key points to know ahead of this morning's consumer-price index for May: Year-over-year inflation is expected to pick up slightly from April to 2.4%, according to the consensus estimate.

Reports on consumer and wholesale inflation headline the week’s economic data as tariff negotiations between the U.S. and China begin.

Treasury yields were declining Thursday morning as investors weighed fresh data on wholesale inflation that was softer than expected. The yield on the 10-year Treasury note was falling about 6 basis points to around 4.

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

Inflation was tame in May, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. Consumer prices rose 0.1% in May over the previous month, less than economists anticipated.