EPA:EDF.PA 29 May 2026

June 10, 2026, 5:11 AM EDT. The U.S. May inflation report, due at 8:30 a.m. ET, could disrupt record-high stock markets amid a leadership change at the Federal Reserve. Kevin Warsh recently succeeded Jerome Powell as Fed chair during a time of rising inflation pressures following geopolitical tensions that increased energy prices. The trailing 12-month inflation rate is expected to climb to 4.18%, up from 3.8% in April, fueled by higher energy costs after disruptions to global oil supply. Core Personal Consumption Expenditures (PCE), a critical inflation measure excluding energy and food, is also rising, signaling inflationary pressures extending beyond fuel. Investors will closely watch this data for clues on the Federal Open Market Committee's next move on interest rates, which have been cut six times since September 2024 to support the economy. The report holds significant influence over Wall Street's near-term direction.