US Inflation fuels the policy debate

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There had been a lot of questions and much anticipation around US CPI and today’s release didn’t disappoint with the 4.2% headline and 3% core numbers coming in way above estimates of 3.6% and 2.3% respectively. That is the biggest headline number since 2008 and core print month-on-month since 1995. The index for used cars and trucks rose a whopping 10% in April, which accounted for over a third of the seasonally adjusted increase and was the largest one-month increase since records began in 1953! Markets have reacted accordingly with Nasdaq futures down 1.5%, the dollar higher and gold… Read More:

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