From Investing.com: 2024-05-15 15:36:00

The CPI for April was in line with expectations, with a 0.31% increase month over month and a 0.29% increase on core CPI. However, not all parts of the CPI were sticky, reflecting different changes in various components. Inflation is decelerating but slowly and in a sticky fashion, with the markets reacting positively to the report. Core goods saw a significant drop in year-over-year changes, while core services only slightly softened. The FOMC has leaned more dovish, with a potential rate cut later in the summer to move policy rate towards neutral. Inflation data may not fully support this move, but the Fed’s decision is not solely based on inflation.



Read more at Investing.com: CPI: A Closer Look at Today’s Report Reveals Inflation Is Not Behaving