字幕表 動画を再生する 英語字幕をプリント Hi, it's Jeff Kleintop with 90 seconds on what we're watching this week; and this week it's all about inflation. On Thursday, we get the Consumer Price Index for the U.S. Now, after big upside surprises in each of the last two months, economists are expecting a rise of 0.4% in May, bringing the year-over-year change in inflation to 4.7%. That's the highest pace - fastest pace - since the peak of the commodity super-cycle back in 2008. Fed officials may be quiet this week per their blackout schedule ahead of next week's FOMC meeting so instead investors may want to turn their attention to what China is doing. China is pushing back on higher commodity prices through raising trading limits fees and margins on commodity exchanges, in addition to other actions in an effort to reign in soaring inflation. Commodities, from materials to agriculture, have pulled back sharply from multiyear highs over the past month as this crackdown by the world's largest consumer of these commodities began. But with commodity prices stabilizing in June we will be watching for any new policy announcements from China that could impact the markets this week. In response to rising inflation pressures, the European Central Bank could become the next central bank to taper asset purchases, joining Canada and the Bank of England, with inflation hitting its 2% target and the economic outlook improving since the March meeting. But despite the taper talk and inflation interest, treasury yields continue to hold out near 1.6%. A slowdown in the pace of job growth is offsetting longer term fears that the economy will overheat, keeping the bond market from throwing a tantrum. Thanks for watching.