CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.
The Labor Department's Bureau of Labor Statistics will provide the consumer price index data Wednesday at 8:30 a.m. ET.
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.