VGSH - Disinflation Expected To Resume In April CPI Report
2024-05-14 11:50:00 ET
Summary
- US consumer inflation data was surprisingly firm in March, raising the stakes for May 15’s April report.
- The year-over-year change in core CPI is expected to ease to 3.6% through April, based on the point forecast for CapitalSpectator.com’s ensemble model.
- Market expectations remain aligned with an ongoing disinflation forecast, or so the policy-sensitive US 2-year Treasury yield suggests.
US consumer inflation data was surprisingly firm in March, raising the stakes for tomorrow’s April report (Wed., May 15). Another round of disappointing numbers would arguably confirm that the recent disinflation trend is in serious trouble. No one can rule out that possibility, but I’m expecting we’ll see disinflation return in some degree....
Disinflation Expected To Resume In April CPI Report