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Analyst: The monthly CPI rate in April was lower than expected, and the market responded positively

Analyst: The monthly CPI rate in April was lower than expected, and the market responded positively

Jin102024/05/15 12:39
By:Jin10

Golden Ten Data reported on May 15 that analysts Steve Goldstein said that the market’s first reaction was positive-the stock market rose and bonds also rose. SP 500 futures rose 0.5% from flat, while the 10-year Treasury yield fell 11 basis points. Judging from the data, not only did the U.S. seasonally adjusted monthly CPI rate in April record 0.3%, lower than expected, but retail sales in April also did not grow. 

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