A.M. Update – Futures Green After Weaker Than Expected CPI

Most index futures are modestly higher from 0.05% to 0.55%. Despite the concern about inflation with tariffs, CPI came in this morning at a four year low. The Consumer Price Index rose 0.2% month-over-month in April (consensus 0.3%) and the core Consumer Price Index rose 0.2% month-over-month in April (consensus 0.3%). The 10-yr yield is…