U.S. April Non-Seasonally Adjusted CPI YoY 3.8%, Expectation 3.7%

Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.

The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.