Morning Economic Report 5-14-25

The US CPI turned out to be a dull affair but is spun bullish with speculation of FED cut. White House says more than 20-25 tariff agreements are imminent, and Trump talks the market higher again. Wholesale inflation in Japan raises expectation of a BoJ rate hike and enables a stronger JPY. Bourses were initially generally firmer but have faded as risk wanes with a quiet docket. DAX -0.50%, CAC -0.65%, FTSE -0.12%, Euro STOXX600 -0.27%. USD settles back after benign US CPI and hopes for FED cut, DXY 100.32. Gold 3232. BTC $103,481