US Stock Market Slips in Storage Sector, Market Focused on Tomorrow's CPI for Federal Reserve Policy Direction

BlockBeats News, June 9th, according to Bitget market data, the US storage sector saw a downturn, with Micron Technology (MU) falling by 1.46%, Western Digital (WDC) falling by 1.6%, and Seagate Technology (STX) falling by 1.82%.

On the news front, the US June Consumer Price Index (CPI) and Producer Price Index (PPI) reports to be released on Wednesday and Thursday are highly anticipated by the market. Forecasts indicate that the US nominal and core CPI year-on-year growth rates will further accelerate, expected to reach 4.2% (the highest level since June 2023) and 3%, respectively. This outcome is feared to trigger a severe shock in the global financial markets.