CPI Comes in Better the Expected

Banks and Lenders tightening the screws on lending.

The US Consumer Price Index (CPI) increased by 0.4% in April, driven higher by rising shelter, used vehicle and gas prices, according to the latest report from the Labor Department. The annual rate of inflation was 4.9%, slightly less than the 5% estimated. Excluding volatile food and energy categories, core CPI rose 0.4% monthly and 5.5% from a year ago, in line with expectations. Markets reacted positively to the news, with futures turning positive and Treasury yields lower. The report is seen as providing some hope that the Fed's campaign to quell inflation is working, albeit more slowly than desired.

The chart below breaks down the particulars of the CPI. This is where the meat and potato’s are.

Subscribe for $11.99 a month until June 1, 2023 which at that time the price will go to $25 a month for new subscribers. Those who are subscribed before June 1, 2023 will keep their monthly rate at $11.99 for the lifetime of their subscription.