US Inflation Rate YoY (Apr) Y/Y 3.8% vs. Exp. 3.7% (Prev. 3.3%, Low. 3.3%, High. 3.9%), Unrounded 3.811% M/M
Today's US inflation print of 3.8% YoY slightly exceeds expectations of 3.7%, confirming a trend of persistent inflationary pressures.
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 Inflation Rate YoY (Apr) Y/Y 3.8% vs. Exp. 3.7% (Prev. 3.3%, Low. 3.3%, High. 3.9%), Unrounded 3.811% 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 uptick from the previous 3.3% may impact expectations for monetary policy, potentially complicating the Federal Reserve's assessment of future rate hikes in the context of growth and inflation dynamics.
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