Central Banks
Cooling Core Inflation Will Offer Minimal Relief to the Fed
- Underlying gauge of US inflation probably moderated in April
- China, Japan release key economic data; UK wage numbers due
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Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises.
The core consumer price index, which excludes food and fuel, is seen rising 0.3% from a month earlier after 0.4% advances throughout the first quarter. The Bureau of Labor Statistics will issue its CPI report on Wednesday.