- Annual headline CPI inflation accelerated 50 bps to 3.8% in April driven by energy prices which rose 17.9% over the past year. Annual core inflation rose 20 bps to 2.8%.
- The Federal Reserve held rates steady for a third consecutive meeting in April. The decision had the highest level of dissent since 1992, and the future rate path remains highly uncertain.
- The US economy added 115K jobs in April, but three-month average job growth remained low at 48K.
- Consumer sentiment fell to a new record low in May amid the Iran conflict. Elevated gasoline prices dragged on sentiment.
* Latest data available.
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