Lates News

New York Spartacus Capital Securities Chief Market Economist Peter Cardillo commented on the US March CPI report: "The key is that the core inflation data is actually slightly lower than expected, while the overall inflation is higher than our expectations, especially on a year-on-year basis. Therefore, although these data are not overly worrisome at the moment, they do not yet reflect the full impact of the energy crisis. Looking ahead, it is clearly expected that inflation will continue to rise, but the key signal that the core inflation rate is lower than expected indicates that energy prices will eventually gradually transmit throughout the system and be reflected later. However, at present, inflation is still high and sticky."