Anders Svendsen, analyst at Nordea Markets, notes that the US core CPI inflation came as per expectations at 2.1% y/y in April, up from 2.0% y/y in March. Key Quotes “The monthly change was slightly below expectations at 0.1% m/m, just as headline inflation was slightly below expectations at 2.0% y/y, up from 1.9% y/y in March. In total, no major surprises.” “We expect core CPI to remain around the current levels just above target in the coming months before moving higher later in the year due to lagged effects of higher wage growth.” “Disappoints to inflation in the coming months and particularly to the PCE trimmed mean would put pressure on the Fed to cut rates.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Employment continues to defy gravity – TDS FX Street 3 years Anders Svendsen, analyst at Nordea Markets, notes that the US core CPI inflation came as per expectations at 2.1% y/y in April, up from 2.0% y/y in March. Key Quotes "The monthly change was slightly below expectations at 0.1% m/m, just as headline inflation was slightly below expectations at 2.0% y/y, up from 1.9% y/y in March. In total, no major surprises." "We expect core CPI to remain around the current levels just above target in the coming months before moving higher later in the year due to lagged effects of higher wage growth." "Disappoints to inflation in the coming… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
