BlackRock is the world's largest asset manager. The firm's chief investment and portfolio strategist, Americas, Gargi Chaudhuri is taking a circumspect view of the better CPI report:CPI came in (@0.3% m/m and 3.4% y/y) better than expected (0.4 and 3.4 respectively)but higher-for-longer interest rates from the Federal Reserve are likely to be still necessary“This print reiterates that while inflation is moving in the right direction, a more restrictive policy stance with interest rates remaining on pause is the appropriate monetary policy for this macroeconomic environment”More on the CPI data (and retail sales) here ICYMI:Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spen
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