US Core Inflation Rate MoM (Apr) M/M 0.4% vs. Exp. 0.3% (Prev. 0.2%, Low. 0.2%, High. 0.5%), Unrounded: 0.376% M/M
The US Core Inflation Rate for April came in at 0.4% month-over-month, slightly above expectations of 0.3%.
JD.com (JD) exec says due to rising memory costs, have seen industry wide price hikes for smartphones and PCs since March; in the short term electronics price hikes does dampen consumer demands to some extent
US CPI Core Goods & Services April (M/M SA, Y/Y NSA) + Supercore
US Core Inflation Rate MoM (Apr) M/M 0.4% vs. Exp. 0.3% (Prev. 0.2%, Low. 0.2%, High. 0.5%), Unrounded: 0.376% M/M
UK Transport Secretary Heidi Alexander is backing plans for Andy Burnham to return to parliament, The Times' Maguire reports
ADNOC CEO says the world is 1bln barrels short due to the Strait of Hormuz closure
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This upward surprise, along with a revision from the previous month's 0.2%, indicates a potential acceleration in inflationary pressures, which could influence monetary policy outlook and market expectations around future rate hikes.
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