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May 11 - 06:55 PM

USD: Inflation Cooling Down? Not Quite Yet, Says Citi πŸŒ‘οΈπŸ’²πŸ”

By eFXdata  —  May 11 - 03:00 PM

Inflation Cooling Down? Not Quite Yet, Says Citi πŸŒ‘οΈπŸ’²πŸ”"

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 πŸ‡ΊπŸ‡ΈπŸ’²πŸ“ˆ"

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

Citi Research/Market Commentary


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