Market focus on CPI shifts to trends such as housing and rentals 😳
It's time for the CPI data to be released again, but the market's excitement about it has been reduced compared to previous months. This may be because the risk markets have already made a decision on their risk appetite and the previous European inflation data was low. Yu estimates also lowered market expectations.
The market expects core CPI to increase by 0.4% monthly. Among them, used cars, hotels and entertainment and leisure (entering the summer travel peak) and housing inflation will mainly determine the direction of the index. The rental price trajectory will be the most interesting item and can be confirmed through this item. Is there any truth to the slowdown in home prices in March and April, which contradicts the rebound in home prices?
It's time for the CPI data to be released again, but the market's excitement about it has been reduced compared to previous months. This may be because the risk markets have already made a decision on their risk appetite and the previous European inflation data was low. Yu estimates also lowered market expectations.
The market expects core CPI to increase by 0.4% monthly. Among them, used cars, hotels and entertainment and leisure (entering the summer travel peak) and housing inflation will mainly determine the direction of the index. The rental price trajectory will be the most interesting item and can be confirmed through this item. Is there any truth to the slowdown in home prices in March and April, which contradicts the rebound in home prices?