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Spain April final CPI +3.3% vs +3.3% y/y prelim
Prior +3.2%HICP +3.4% vs +3.4% y/y prelimPrior +3.3%The positive news is that core annual inflation is seen easing to 2.9%, down from 3.3% in the month before. The hope for the ECB will be for this trend to continue through to year-end. But we'll have to see, especially since monthly core prices have been on the up.
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Biden Gets Bad News From His Own Official
Federal Reserve chair Jerome Powell on Tuesday suggested that inflation is proving stickier than expected and that monetary policy may need slightly more time to work its way through the economy to bring prices down to the central bank's target of 2 percent.The suggestion that inflation may stay elevated for longer and that the Fed may need to retain higher rates for longer could add to concerns Americans have over the economy ahead of the election in November, something that could spell trouble...
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Celtics, Thunder get ball rolling
The top-seeded Boston Celtics and Oklahoma City Thunder rolled to convincing victories in their opening NBA playoff series on Tuesday.