I=7
Headline CPI met estimates in April, while core CPI came in 0.1 percentage point above forecast
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CPI rose 0.6%, in line with estimate and down from 0.9% in March.
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Core CPI rose 0.4%, above 0.3% estimate and up from 0.2% in March.
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On a yearly basis, CPI rose 3.8% versus 3.7% estimate while core CPI rose 2.8% versus 2.7% estimate..
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Shelter rose 0.6%, versus 0.3% in March but is said to reflect a skew of the data due to government shutdown last year.
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S&P 500 futures and Nasdaq 100 futures are down 0.3% and 0.7%, respectively but are also likely driven by negative commentary from President Trump regarding the peace deal.
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Overall, economists commentaries indicate the report wasn’t that bad but points to stubborn inflation.
