Yesterday’s inflation (CPI) data failed to excite the markets beyond the first couple of hours of trading. Even though CPI was better than expected, it was not enough to temper thoughts of another Fed hike in May. And that hike is still coming (as of now) despite the Fed’s staff “projecting a mild recession” later this year. Today, investors got part two of the inflation series via the PPI, and it showed another sequential decline (y/y core 3.4% versus Feb’s revised 4.8%). While this also did n…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.