April’s consumer price index report expected to show inflation has already peaked
April’s consumer price index report expected to show inflation has already peaked
April's consumer price index report is expected to show inflation has already reached a peak â a development that some investors say could temporarily soothe markets. But economists say, even with a reprieve in headline inflation, core inflation could gain on a monthly basis and stay elevated for months to come. Core inflation excludes food and energy costs. The CPI report is expected to show headline inflation rose 0.2% in April, or 8.1% year-over-year, according to Dow Jones. That compares with a whopping year-over-year. The April data is expected at 8:30 a.m. ET Wednesday. Core CPI is expected to rise 0.4% or 6% year-over-year. That compares with 0.3% in March, or 6.5% on an annualized basis. Stocks gyrated Tuesday ahead of the much-anticipated data. The ended the day with a 0.25% gain, and the added 0.98%. The lost 84.96 points. The closely watched benchmark 10-year Treasury yield retreated to about 2.99% Tuesday after a sharp run up to 3.20% Monday. Bond yields â which move opposite price â have been running higher at a rapid pace on expectations of aggressive Federal Reserve interest rate hikes. "I wouldn't say tomorrow's CPI matters by itself. I think the combination of March, tomorrow's