Tomorrow Morning the highly anticipated April Consumer Price Index report will be released.

This could be the beginning of when we feel inflation would start to make additional progress and potentially a rate drop.

Year over Year inflation numbers means we are replacing last year’s April 2022 with this year’s April 2023 number. If this year’s inflation number is lower than last year’s April inflation number, the total inflation calculation will go down.

Sunday evening, JPM Chase and Goldman Sachs released their estimates and they felt inflation reading would not see much of a change.

Below is the buyer activity survey.

Have a great rest of your week.