The Numbers
Soft CPI Won’t Sway A Fed Fighting Tariff Inflation
April’s CPI came in cooler than expected, but tariff-driven supply shocks will keep the Fed tight, supporting long-duration exposure. Headline CPI rose 0.2% m/m (2.3% y/y) while core inflation held steady at 2.8%. Services inflation remained firm at 3.7%, and…
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