Inflation Report and Federal Reserve's Response

Inflation eased slightly in April, with the consumer price index increasing 0.3% from March. Markets reacted positively, but the Federal Reserve is likely to wait for more evidence before cutting interest rates.

Economic Indicators: Jobs Report and CPI Data

Last week's inconclusive jobs data has shifted focus to this week's inflation data, which could have significant implications on the economy. The report highlights various aspects of the job market, wage growth, and inflation predictions, indicating potential tightening labor market and inflationary pressures.

US Inflation

The pace of price hikes in the US accelerated in January, with the PCE price index rising 0.3%. Core PCE inflation rose 0.4%, up 2.8% over the past 12 months. The figures were in line with Wall Street expectations.