Tomorrow’s update on US inflation for April looks set to tick lower, although the odds aren’t trivial that pricing pressure will remains sticky, according to various forecasts and a review of pricing trends published to date. Disinflation is still intact, based on numbers in hand, but the report scheduled for Friday, May 31, will probably show limited progress on taming inflation.
Daily Archives: May 30, 2024
Macro Briefing: 30 May 2024
* US economy continues expanding, Fed’s Beige Book reports
* Extreme heat will slow US growth, San Francisco Fed study predicts
* Lingering inflation pressures are preventing Fed from cutting rates
* German inflation rises more than forecast ahead of ECB rate decision
* US 10yr yield rises above 4.6% for first time in over a month:
