April's Consumer Price Index (CPI) data is slated for release on Wednesday, May 15, offering investors a glimpse into the progress — if any, as of late — in ...
April's Consumer Price Index data is slated for release on Wednesday, May 15, offering investors a glimpse into the progress — if any, as of late — inJosh SchaeferLet's start with the biggest story of the week, and that is the CP I print that's out on Wednesday, The latest reading on inflation core inflation is expected to rise 3.6% on a year over year basis.That will be a bit of a slow down here from the hot 3.
CP I has been a little bit of the leading indicator here with inflation that's been coming in hotter than expected to start the month, sort of setting off markets a little bit.I was looking back on it, which is interesting, but it did two months ago, so we got into a little bit of a trend of OK, maybe this just isn't going like we hoped.But it has been probably the bigger market moving inflation release, even though it's not the Fed's preferred gauge.
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