Inflation Cooling Down? Not Quite Yet, Says Citi 🌡️💲🔍"

Citi's economists urge caution as the April CPI report does not indicate a further cooling down of inflation. With an average of 0.41% MoM core inflation over the past five months, expectations for inflation rates remain high.

Despite Softer April CPI, Fed Rate Hike Still in Play in June 🇺🇸💲📈"

Citi suggests that despite the softer-than-expected U.S. Core CPI in April, the chances of a Fed rate hike in June should not be dismissed. The overall inflation trend remains stable and elevated, which could prompt the Fed to revise its inflation forecasts upward