US Import Prices MoM (Apr) M/M 1.9% vs. Exp. 1% (Prev. 0.8%)
The US Import Prices data for April showed a MoM increase of 1.9%, significantly surpassing expectations of 1%.
"The ceasefire between Israel and Lebanon will be extended for an indefinite period", Sky News Arabia reports
Israeli Defence Minister Katz says the Iran mission is not over; Israel is prepared for the possibility that we may need to act again
US Import Prices MoM (Apr) M/M 1.9% vs. Exp. 1% (Prev. 0.8%)
Russia is looking forward to direct contacts with Chinese President Xi that are not linked to US President Trump’s visit to China, TASS reports
UK Health Minister ally says to Sky's Rigby, Streeting has not decided to trigger a challenge/immediate contest, PM Starmer needs to set out a timetable; Mail's Hodges says "I am told the bulk of the cabinet will now move in behind this position as well"
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This larger-than-anticipated climb may signal rising inflationary pressures, which could influence the Federal Reserve's monetary policy stance moving forward. Markets might react by adjusting expectations for future rate hikes as traders digest the implications for economic growth and inflation dynamics.
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