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TechFlow news, according to Jinshi Data, the U.S. unadjusted CPI year-on-year rate for April came in at 4.9%, marking the tenth consecutive decline and the lowest level since April 2021, below the market expectation of 5.0%. Following the CPI report, U.S. short-term interest rate futures rose as traders increased bets on the Fed pausing rate hikes in June.
The U.S. unadjusted CPI year-on-year rate for April came in at 4.9%, marking the tenth consecutive decline and the lowest level since April 2021, below the market expectation of 5.0%. Following the release of the CPI report, U.S. short-term interest rate futures rose as traders increased bets on the Federal Reserve pausing rate hikes in June.
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