April’s Consumer Price Index (CPI) report illustrated that inflation on consumer prices rose by 3.8% year-over-year, above economists’ estimates of 3.7%. Core CPI — which excludes food and energy prices — rose 0.4% monthly and 2.8% annually.
Interactive Brokers senior economist José Torres outlines the trends that could materialize in the May and June CPI reports if crude oil prices (CL=F, BZ=F) remain elevated, as well as how Federal Reserve officials may react to these inflation trends.
