Odaily Planet Daily report: Nick Timiraos, known as "the Fed's messenger," commented on the U.S. CPI data, stating that the optimistic narrative on inflation has been that recent price increases were caused by tariffs (which would show up in goods), and thus would not persist, since tariffs do not continuously rise year after year. However, based solely on April’s CPI data, this argument does not hold.
Housing prices rose 0.6% (following expectations of a rebound to offset lower data during the government shutdown). However, core services excluding housing increased by 0.45%, marking the third-highest monthly gain since January 2025. Over the past 12 months, the 3.3% year-over-year increase was the highest since February 2025. Core goods prices rose 0.03% for the month (up 1.13% year-over-year). (Jin10)