Summary:
US inflation eased slightly in April, offering some relief to households. CPI rose 3.4% year-on-year, meeting expectations.
US CPI May
12/6/2023 (Wed)
Previous: 3.4% Forecast: 3.4%
Inflation in the US eased slightly in April, providing at least a bit of relief for household. CPI increased 3.4% from a year previously, in line with expectations.
Again the index for shelter rose in the month, as did the index for gasoline. Combined, these two indexes contributed over 70% of the monthly increase in the index for all items.
Retail sales rose significantly last month, showing strong increases both month-over-month and year-over-year, signalling that consumers continued to spend, according to the National Retail Federation.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The yen hit a seven-week high on Wednesday as delays to tariffs on Canada and Mexico eased concerns about the Fed's ability to cut interest rates.
2025-02-05
The Canadian dollar steadied after rebounding from multi-year lows, while the US dollar dropped as Trump paused new tariffs on Mexico for one month.
2025-02-04
Gold prices fell in early Asian trade as the dollar strengthened following Trump's new tariffs on Canada, Mexico, and China.
2025-02-03
