2024-05-15 11:00:07 ET
Summary
- April CPI changed by 0.31%, lower than expected.
- Core CPI changed by 0.29%, slightly lower than expected.
- Super-core inflation remains highly problematic.
- Fed should be highly concerned that inflation has been reaccelerating while it is well above target.
The Consumer Price Index (CPI) Report was published on May 15, 2024, at 8:30 AM. The report contains information about changes in the prices (inflation/deflation) of a wide array of goods and services purchased by consumers in the U.S. during the month of April 2024.
In this article, we will walk readers through the most important employment statistics derived from both surveys. However, we will be providing a deep breakdown of the CPI Report. We will also discuss the likely implication of the report for bond and equity markets....
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CPI April 2024: Inflation Continues To Be A Major Problem