Morning Note | May 10, 2023
Good Morning!
Markets are moving higher on the better-than-expected inflation report which is pushing down interest rates. The April CPI came in at +4.9% y/y, less than the +5.0% number expected. Core CPI is now at +5.5% vs. an expectation of +5.6%.
The markets are rallying on the news though I don't think it's as bullish as many are taking it. Month-o…
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