Stock market next week: Outlook for June 9

Next week's inflation data could be the first to show the impact of higher tariffs. Economists expect that the May readings for the consumer and producer price index — both inputs for the Federal Reserve's favorite inflation gauge later this month — could start to show a rise in goods inflation, which is sensitive to the higher levies imposed by the Trump administration on imports. The consumer price index, or CPI, for example, is expected to have held steady in May, up 0.2% from April, according to economists polled by FactSet. Excluding volatile food and energy prices, however, CPI is set to have risen 0.3% from 0.2% on a monthly basis, and to 2.9% from 2.8% year over year. "Now is really the time when we should start to see the tariff impact," said Bernard Yaros, lead U.S. economist at