CPI Beats Expectations, Stocks Rally, Yields Climb

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BondWatch Editorial

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Today’s Brief The April Consumer Price Index (CPI) data was released, with both headline (0.2% month-over-month, 2.3% year-over-year) and core (0.2% month-over-month, 2.8% year-over-year) measures coming in lower than expected. The year-over-year headline CPI print marked the smallest increase since February 2021. U.S. equity markets closed mostly higher, following the lower-than-expected inflation report, with the…...

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