Annual CPI growth (y/y) as expected - Core CPI cools for the first time in 6 months
Headline CPI rises +3.4% YoY as expected (prev. 3.5%).
Core CPI (ex food & energy) rises +3.6% YoY (prev. 3.8%).
MARKET DAILY
Market 05/15: CPI dips slightly - market raises expectations for Fed rate cut
Retail sales do not grow despite ongoing inflation - signaling weakening consumer demand. Weekly crude oil inventories drop sharply vs. forecasts.
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