After greater than anticipated declines in inflation in April, traders now seem more optimistic that the US Federal Reserve may begin reducing interest rates as early as September. Though not persuaded, some analysts are.
The consumer price index (CPI), a broad indicator of how much products and services cost at the register, rose by 0.3% from March. Slightly less than the 0.4% projection from Dow Jones was that.
Amidst debate over when the Fed could be ready to start reducing rates, the less-than-expected data released on Wednesday sent stocks surging to new all-time highs.
Source (CNBC)
