Analyst: The monthly CPI rate in April was lower than expected, and the market responded positively
Golden Ten Data reported on May 15 that analysts Steve Goldstein said that the market’s first reaction was positive-the stock market rose and bonds also rose. SP 500 futures rose 0.5% from flat, while the 10-year Treasury yield fell 11 basis points. Judging from the data, not only did the U.S. seasonally adjusted monthly CPI rate in April record 0.3%, lower than expected, but retail sales in April also did not grow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The recovery of the automotive industry drives Germany's factory orders to rebound by 4.4% in September; ECB December rate hike expectations further strengthened
The rebound in orders provides positive signals for the outlook of subsequent industrial production. However, economists expect the upcoming September industrial production data to show a slight decline in output following strong growth in August.
Forex Today: Post-election USD weakness persists, focus shifts to BoE rate call
Crypto prices
More
