5 analysts discuss Fed and Powell's next moves as CPI data shows signs of cooling
The U.S. consumer price index for April indicated a modest slowdown in inflation, which was roughly in line with market forecasts.
The Bureau of Labor Statistics pinpointed shelter and gasoline prices as the primary contributors to the index's monthly rise, accounting for over seventy percent of the overall increase. In related news, U.S. producer prices for April showed a more significant increase than expected, reinforcing the view that inflation pressures are persisting into the second quarter. As a result, investors are adjusting their expectations for U.S. interest rate cuts.Despite the slight slowdown, the numbers remain above the Federal Reserve's target rate of 2%, which is considered necessary for stable and sustainable growth. Here are the first reactions from Wall Street analysts.
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