US CPI Core Goods & Services April (M/M SA, Y/Y NSA) + Supercore

The latest release of the US CPI data, particularly the core figures for goods and services, is critical as it indicates inflationary pressures influencing the economy. Depending on whether these figures align with recent trends or deviate meaningfully, we might see implications for future monetary policy and rate decisions. Any surprise in the core or supercore numbers could shift market expectations significantly, particularly regarding the Fed's trajectory.