Today's key datapoint was the latest update on inflation at the consumer level in the U.S. As we've been expecting, it showed a steady increase at the month-over-month level however, when you replace April 2022 with April 2023, the year-over-year level declined to under 5.0% for the first time in over a year.
You can read all about the CPI in this comprehensive post from ZH: https://www.zerohedge.com/personal-finance/consumer-price-inflation-slow......
