Soothing News on Inflation, Manufacturing

April's consumer price index held no unpleasant surprises, while a factory-sector report from the New York Fed showed broad improvement

After a number of inflation reports suggesting that prices were beginning to heat up, the April consumer price index released May 15 provided some relief to Wall Street as it came in almost exactly in line with expectations. Meanwhile, some welcome news on the factory sector arrived May 15 courtesy of the New York Federal Reserve's Empire State manufacturing index.

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