OlekStock Fresh inflation data is raising new concerns on Wall Street after updated estimates from Bespoke Investment Group pointed to a sharp acceleration in the Federal Reserve’s preferred inflation gauge for April. According to a Bespoke investment model, recent Consumer Price Index and Producer Price Index data imply that Core Personal Consumption Expenditures inflation could rise at a 4.6% an...
OlekStock Fresh inflation data is raising new concerns on Wall Street after updated estimates from Bespoke Investment Group pointed to a sharp acceleration in the Federal Reserve’s preferred inflation gauge for April. According to a Bespoke investment model, recent Consumer Price Index and Producer Price Index data imply that Core Personal Consumption Expenditures inflation could rise at a 4.6% annualized pace for the month. If realized, the reading would mark one of the strongest monthly increases in core inflation since late 2023 and reinforce fears that price pressures remain deeply embedded across the economy. The projection also suggests year-over-year core PCE inflation could climb to its highest level since October 2023, while the three-month annualized trend would move back above 3%. Such an outcome could complicate expectations for Federal Reserve interest-rate cuts later this year. Markets have increasingly reassessed the outlook for monetary policy following a series of hotter-than-expected inflation readings, with investors closely monitoring whether sticky services costs, housing inflation, and broader pricing pressures continue limiting progress toward the Fed’s 2% inflation target. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). Fixed Income ETFs: ( TLT ), ( TLH ), ( IEF ), ( IEI ), ( SHY ), ( SGOV ), ( SCHO ), ( BIL ), ( AGG ), ( BND ), ( VCIT ), ( MUB ), ( MBB ), ( JNK ), ( LQD ), ( HYG ), ( VTIP ), ( TIP ), ( SCHP ), ( STIP ), ( TIPX ), ( SPIP ), ( WIP ), ( GTIP ), ( LQDI ), and ( RINF ). More on markets Hot CPI and PPI reports ignite new inflation fears U.S. Misery Index climbs to 3-year high as inflation and unemployment rise US2Y reclaims 4% as yields climb on hotter than expected PPI report Trump says trade talks will take center stage in high-stakes summit with Xi SpaceX may become the larges...