Forbes: What To Expect From April’s CPI Report The April 2024 Consumer Price Index (CPI) report, scheduled for release on May 15 at 8:30 a.m. ET, is anticipated to reflect a continuation of this year’s relatively higher inflation trends, with headline inflation expected at 0.4% and core inflation at 0.3%. These figures, according to models from the Cleveland Federal Reserve and forecasts from Kalshi, suggest inflation will remain above the Federal Open Market Committee’s (FOMC) annual target of 2%. Given these conditions, and with another CPI release set for the day of the FOMC’s June meeting, it is unlikely the FOMC will consider interest rate cuts before July, potentially extending further depending on economic indicators such as job market conditions. This scenario supports the expectation that the Federal Reserve might delay any easing of monetary policy if inflation remains stubbornly high. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Inflation Data May Shape Fed’s Path to Interest Rate Cuts READ MORE ING: What’s Next for Gold? READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth READ MORE New Russia-Iran Pact Marks Major Step in Global De-Dollarization Efforts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment