With all the chopping and changing in the macro backdrop over the past year it felt like there was a collective sigh of relief as the major data point of the day, the U.S. CPI came in with no real surprises in either direction. The fall in services inflation to below 7% for the first time since last August was encouraging but will need to fall further to be consistent with 2% inflation. Services ex rent also fell but the April CPI is unlikely to alter course of Fed policy in the near term where…
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.