Wholesale prices jump to 4-year high and point to even more inflation in the next few months

April consumer prices rose to a three-year high, and the latest wholesale price data suggests inflation will run even hotter over the next month or two. The read-through is hawkish for monetary policy, increasing pressure on the Fed to stay restrictive for longer. This is market-wide inflation news with potential implications for rates, bonds, and equities.

Analysis

April consumer prices rose to a three-year high, and the latest wholesale price data suggests inflation will run even hotter over the next month or two. The read-through is hawkish for monetary policy, increasing pressure on the Fed to stay restrictive for longer. This is market-wide inflation news with potential implications for rates, bonds, and equities.