GOLDMAN: “.. we boosted our April core and headline #PCE estimates by 1bp each to +0.26% and +0.27%, respectively, corresponding to year-over-year rates of 2.77% and 2.67%, respectively.” pic.twitter.com/Amg52Wk1HQ

JPMORGAN: “.. today’s [CPI] release provides some relief that inflation is returning to a downward trajectory. .. We maintain our call for a first Fed rate cut in July, but we’d probably need to see a further cooling in labor market activity for that to play out.” 🇺🇸 pic.twitter.com/PATQd4XedX

“Supercore” CPI #inflation (core services ex-housing) saw year/year rate move up to +4.9% in April pic.twitter.com/qbH5zzhnm8

3-month annualized change in core CPI #inflation eased to +4.1% in April pic.twitter.com/WibIMa8wxp