April Inflation Expected to Fall Below Market Consensus

According to BlockBeats, analysis firm Tradingkey has indicated that the market anticipates a 2.4% year-on-year increase in the overall Consumer Price Index (CPI) for April, consistent with March's figures. However, among the four main components of the CPI, only food shows an upward trend, accounting for just 13.7% of the total CPI. As a result, Tradingkey believes that April's inflation will be lower than the market consensus. This could potentially increase the likelihood of the Federal Reserve resuming its interest rate cut cycle in June. Consequently, it is expected that the U.S. stock market will rise following the data release, while the dollar index and U.S. Treasury yields are likely to decline.