020 7898 0500Trump’s decision to withdraw the US from the Iran deal has dominated headlines recently, but yesterday we saw some positive economic data which calmed the storm, albeit temporarily. The inflation rate for April came in as expected at 2.5%, which was a 0.1% increase from the month before.
Meanwhile, initial jobless claims came in below expectations of 218,000 by hitting 211,000. This might appear counterintuitive at first, but missing this mark is good news; the less people claiming unemployment benefit the better. The figure keeps initial claims near a more than 48-year low and is yet more positive data from the US.
Today we will the University of Michigan’s consumer sentiment for May. It is expected to have dipped a little from 98.8 to 98.5.
