US Core Inflation Stays High, Putting May Rate Cut in Doubt

Rising Food and Shelter Costs Weigh on Voters’ Budgets

Fed Swaps Shift Full Pricing of Rate Cut to July From June

Shelter, Car Insurance, Medical Care Costs Rise

Treasury Yields Rise

Core CPI Above 3% Puts Fed May Rate Cut in Doubt

S&P 500 Futures Plunge

Core Consumer Prices Rise 0.4% M/M; Est. 0.3%

Consumer Prices Increase 0.3% M/M; Est. 0.2%

Consumer Prices Rise 3.1% Y/Y; Est. 2.9%

Core Consumer Prices Rise 3.9% Y/Y%; Est. 3.7%

Key Events

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