🚨April US CPI inflation preview: 'The descent begins' 🚀

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The Bank of America released a note on Thursday, suggesting that inflation will persist at uncomfortably high levels. Their analysts anticipate that April's core CPI inflation will moderate to 0.28% month-on-month (MoM), slightly lower than the first quarter's average of 0.37%. However, they believe this moderation won't offer enough assurance to the Federal Reserve. For headline inflation, BofA predicts a 0.33% MoM increase.


Meanwhile, Morgan Stanley predicts core CPI inflation at 0.29% MoM in April, with an annual rate of 3.6% year-on-year (YoY). They attribute this to weaker services, including lower car insurance inflation, continued rent disinflation, and reduced healthcare costs. Morgan Stanley anticipates faster disinflation in the second half of the year, providing the Fed with confidence that inflation is on a sustained path toward its target.


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🚨April US CPI inflation preview: 'The descent begins' 🚀


已编辑 10 May 2024, 12:51

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