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The consumer price index rose 0.3% from March to April, slightly below the 0.4% consensus forecast of economists polled by Dow Jones. The measure of a basket of goods and services on an annualized basis increased by 3.4%, in line with expectations.
That monthly decline can offer some good news for market participants hoping the Federal Reserve has seen enough impact from its rate hiking campaign to begin lowering the borrowing cost sooner rather than later. The market is now “keenly watching” to see if expectations for an earlier cut to rates are growing, according to Quincy Krosby, chief global strategist at LPL Financial
That monthly decline can offer some good news for market participants hoping the Federal Reserve has seen enough impact from its rate hiking campaign to begin lowering the borrowing cost sooner rather than later. The market is now “keenly watching” to see if expectations for an earlier cut to rates are growing, according to Quincy Krosby, chief global strategist at LPL Financial
“The Fed will certainly need a series of cooler reports for adjusting its rate easing timetable, but the CPI report suggests that the path towards 2% is a bit less bumpy,” Krosby said.
Core CPI, which strips out food and energy prices, added 0.3% from the previous month and 3.6% from a year earlier. Both were in line with forecasts.
Core CPI, which strips out food and energy prices, added 0.3% from the previous month and 3.6% from a year earlier. Both were in line with forecasts.
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Deep SeaOP : Inflation has dropped and this is good news for stocks. US 10 year bond yield has dropped too.
路人辛酉 : Dont go up so much. I am accumulating.
All is well : Please drop more, it's really bad situation now.
Sell now please
Deep SeaOP All is well :
Deep SeaOP 路人辛酉: