Shares of power producers rose sharply as Treasury yields fell and the odds of a rate cut later this year rose.

The "core" consumer price index, which excludes the volatile food and energy categories, rose in April at the most modest annual rate since the onset of the current inflation bout in 2021.

On a month-to-month basis, the increase in consumer inflation was more muted than economists had projected.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-15-24 1744ET