Weekly Bottom Line

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Weekly Bottom Line

On May 17, 2022, Posted by , In Weekly Bottom Line, With No Comments


    • The consumer price index (CPI) report showed that both overall and core price pressures eased a touch in year-over-year terms in April. Overall inflation fell to 8.3% y/y from 8.5% in the month prior, while core inflation fell to 6.2% from 6.5%.
    • The producer price index (PPI) report echoed a similar message, with producer prices decelerating modestly in April to 11% y/y, but remaining near March’s record high of 11.5%.
    • Signs of a slight tick down in inflation will do little to dissuade the Fed from removing monetary stimulus expeditiously. Despite staging a notable recovery on Friday, the S&P 500 looks to end the week down over 2%.

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