Wall Street wobbles as investors brace for key inflation report, Fed decision - Fox Business

Inflation Is Spiking – but the Fed Could Still Cut Rates (And It Has Nothing to Do with Trump)  24/7 Wall St.

CPI: US inflation likely continued to heat up last month  Yahoo Finance

Inflation drives rate-cut debate at Warsh’s first Fed meeting  thestreet.com

Silver Is On Track To Close Below This Crucial Level For First Time In More Than A Year – All Eyes On May Inflation Data  TradingView

China's Oil Imports Plummet To Eight-Year Low Confirming our recent reporting on China's oil demand collapse, crude oil imports to China in May fell to their lowest since October 2017 because of the price spike resulting from the Persian Gulf tanker traffic disruption, plunging refinery margins (due to price ceilings imposed by Beijing), of a slowing economy and the rapid slowdown in the economy.  The May total stood at 33 million barrels, or 7.8 million barrels daily, Bloomberg reported, citing Chinese customs data. This is roughly a 30% drop vs the average daily import rate of 11.6 million barrels last year. As previously noted, refinery run rates are down as well, as are fuel exports, with Beijing careful to make sure there is enough diesel and gasoline for the domestic market. All this is happening as the latest batch of Chinese data was "shockingly bad", promptly fears of a China hard landing.

Jefferies: "Turns Out, We Weren't Bullish Enough On Copper" "Turns out, we weren't bullish enough on copper," Jefferies analyst Christopher LaFemina wrote in a note to clients, marking a notable shift from one of Wall Street's most seasoned metal voices. LaFemina joined Jefferies in 2011 after more than a decade covering metals and mining at Lehman Brothers and Barclays, lending weight to his view that the explosive growth in AI data center buildouts, power grid and infrastructure upgrades (a theme he calls "powering up America"), and tight supply are creating structurally higher prices for copper. LaFemina raised his 2030 target and now expects copper to average $8 per pound, or $17,636 a ton. COMEX copper last traded around $6.34 a pound, while LME copper was near $13,583 a ton. On a longer timeframe, the LME copper chart suggests the $10,000 level was the breakout zone, further supporting LaFemina's 2030 target given the current supply-tightening backdrop. "Turns out, we weren't bullish enough on copper," LaFemina said, adding, "We now have the highest copper