---
title: Today’s inflation numbers are seen as a relief by investors… and the FED
description: "Indeed, the just released data shows that US inflation cooled down in April for the first time in 6 months, following several reports of upside surprises. \n\nWhile yoy headline inflation is in-line with expectations (+3.4pct) the positive surprise came from the MoM number (+0.3pct) which is BELOW estimates (+0.4pct). \n\nCore inflation number MoM came in as expected (+0.3pct). The core yoy number (+3.6pct as expected) is at the lowest level since April 2021.\n\nBottom-line: this report is bullish equities, bonds, gold and cryptos as it indicated that the disinflation trend might have further to go. Still, we believe that the Fed might wait for some confirmation before turning dovish. We note that the SuperCore (core ex-shelter) rose 0.5pct MoM to 5.05pct YoY. \n\nSource: CNBC"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Today’s inflation numbers are seen as a relief by investors… and the FED](https://blog.syzgroup.com/syz-the-moment/most-closely-watched-china-stock-index-just-formed-the-first-golden-cross-in-over-a-year-1-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 15, 2024, 3:50:44 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/most-closely-watched-china-stock-index-just-formed-the-first-golden-cross-in-over-a-year-1-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0)

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