---
title: "An important US macro data is expected today: the CPI inflation data for June. The median forecast for headline CPI inflation is 3.1%, but markets are showing a wide range."
description: "Prediction markets currently show that there is a 19% chance of June CPI inflation coming in ABOVE 3.1%, according to Kalshi. \nOn the other hand, there's a 31% chance of inflation coming in BELOW 3.1%.\nThere's even a 5% chance of CPI coming in above 3.3%, which would put inflation back on the rise.\nIf CPI inflation comes in as expected, it would mark the 3rd straight monthly decline in YoY inflation.\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [An important US macro data is expected today: the CPI inflation data for June. The median forecast for headline CPI inflation is 3.1%, but markets are showing a wide range.](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-095c6323)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 11, 2024, 11:59:28 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-the-odds-of-president-biden-winning-the-2024-democratic-nomination-are-down-by-24-in-2-hours-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-1719-095c6323)

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