Last week, we got April inflation prints from developed markets out of the way. As of the last read, U.S. headline inflation at 8.3% Y/Y leads the G10, however, the U.K. and the Euro Area overshoot their 2.0% price target the most (7.0% and 5.4%, respectively). Japan and Switzerland both stand only 0.5% above their central bank's targets, this is a shift from below target prints seen in previous months. They still lag the G10 massively.
Comments