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Consumer Price Index:Historical Releases/2023 April: Difference between revisions
Consumer Price Index:Historical Releases/2023 April (view source)
Revision as of 18:45, 10 May 2023
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April CPI numbers showed first signs that Core CPI numbers could start to decline going forward. We can expect disinflation to continue as shelter CPI start to come down, base effects, and a maybe a more cooled labor market. | April CPI numbers showed first signs that Core CPI numbers could start to decline going forward. We can expect disinflation to continue as shelter CPI start to come down, base effects, and a maybe a more cooled labor market. | ||
After CPI numbers, the market is now pricing an almost 100% possibility of a pause in rates in June. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref>Key Takeaways from April CPI numbers | After CPI numbers, the market is now pricing an almost 100% possibility of a pause in rates in June. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
Key Takeaways from April CPI numbers: | |||
* Super core CPI had the lowest m/m increase in almost a year. The Y/Y rate continue to be high and sticky, but this could be taken as a positive first sign. | * Super core CPI had the lowest m/m increase in almost a year. The Y/Y rate continue to be high and sticky, but this could be taken as a positive first sign. | ||