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'Noticeable softening' in inflation - Pimco

Published 05/15/2017, 03:34 PM
© Reuters.  'Noticeable softening' in inflation - Pimco
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  • A slow CPI print for March probably wasn't worth mention, but April showed a repeat performance, says Pimco chief U.S. economist Tiffany Wilding. Further, while March weakness was mostly thanks to declines in wireless services, April's soft read was broad-based.
  • Core CPI in April rose 1.9% Y/Y, vs. 2% in March, and 2.1% in April of 2016.
  • Wilding, in turn, cuts her core CPI growth expectation for 2017 to 2% from 2.3%, and says the Fed has some explaining to do should it hike rates in June (as the bank is nearly universally expected to do).
  • ETFs: IEF, PST, IEI, TYO, UST, DTYS, VGIT, TBX, SCHR, ITE, GSY, TYD, DTYL, DFVL, TBZ, DFVS, TYNS, HYDD
  • Now read: Revisiting Inflation's Peak And Why I Am Still Long TLT


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