The US consumer price index slowed in April
The results of the US Consumer Price Index for April were as follows.
✅ YoY CPI
Expected: +3.4% Result: +3.4%
✅ CPI compared to the previous month
Expected: +0.4% Result: +0.3%
✅ YoY core CPI
Expected: +3.6% Result: +3.6%
✅ Month-on-month core CPI
Expected: +0.3% Result: +0.3%
The yen appreciated in response to this result, and it is now in the 154 yen range.
Also, the interest rate cut forecast for the year is 69% → 73% before the announcement.
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