US CPI MM, SA (Apr) 0.2% vs. Exp. 0.3% (Prev. -0.1%); Unrounded 0.221% (prev. -0.05%)

Annualised US CPI Rates (Apr)

• Headline: 3mth 1.6% (prior 2.6%), 6mth 3.0% (prior 3.0%)


• Core: 3mth 2.1% (prior 3.0%), 6mth 3.0% (prior 3.0%)

Reaction details (13:39)

In an immediate reaction:

• 
  ES (M5) rose from 5862 to 5887, before paring to around 5873.


• 
  T-Note (M5) jumped from 110-08+ to 110-15+, before falling slightly beneath pre-announced levels to 110-08.


• 
  DXY saw a kneejerk lower to a low of 101.420 from 101.530, before swiftly reversing to highs of 101.600.

Fed pricing was little changed:

• 
  June: -2bps (prev. 2bps).


• 
  July: -10bps (prev. -10bps).


• 
  September: -26bps (prev. -26bps).


• 
  December: -57bps (prev. -56bps).

13 May 2025 - 13:30- ForexData- Source: Reuters