🚀📊 April's U.S. CPI Report: Key Takeaways! 📊🚀
1) Great news for Fed Chairman Jerome Powell: the CPI is cooler than expected.
2) The U.S. CPI rose by 0.3% month-over-month, below the forecasted 0.4% increase.
3) Year-over-year overall CPI inflation increased by 3.4%, matching expectations and slowing from 3.5% in March.
4) The core CPI in the U.S. increased by 0.3% month-over-month, in line with estimates.
5) Year-over-year core CPI rose by 3.6%, down from a 3.8% increase in March, marking the lowest since April 2021.
