How to Trade CPI: The Institutional 4-Phase Framework
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How to trade CPI prints the way institutional desks do: the 4-phase framework, cross-asset confluence, and the named levels that actually matter.
Most retail accounts lose two weeks of P&L in the first 30 minutes after a CPI print. They believe the headline IS the trade. The institutional read is the opposite: the headline is the bait, the structure is the trade, and the first 30 minutes are a no-touch zone where spreads blow out 5 to 10x and the tape lies to you twice before it tells the truth.
By Ken Chigbo · Founder, KenMacro · 18+ years in markets, London trading floor and institutional FX
Quick Answer: How to Trade CPI in 6 Bullets
- ☐ The first 30 minutes after the 13:30 BST release is a no-trade window. Spreads widen, stops cluster, the tape whipsaws twice.
- ☐ The print itself is decomposed into five drivers: headline YoY, core YoY, MoM core, shelter, supercore services. The market rotates which one it cares about each cycle.
- ☐ Cross-asset confluence comes from DXY, the 2Y yield, gold, and the S&P 500 reaction. Three of four pointing the same way is the institutional confirmation.
- ☐ The institutional entry window is the T+90 to T+180 minute pullback against a named structural level, not the headline impulse.
- ☐ Key levels follow strict taxonomy: round numbers, prior-day H/L, weekly H/L, defended intraday lows with 2+ touches. Not RSI lines.
- ☐ The framework transfers cleanly to FOMC, NFP, ECB, BoE. CPI is the cleanest training ground because the driver decode is the tightest.
- Why this CPI cycle is different
- CPI in one paragraph
- The five-driver decode
- Phase 1: the no-trade window
- Phase 2: cross-asset confluence
- Phase 3: the institutional entry window
- Phase 4: structural trail management
- Worked example: May 2026 CPI
- Cross-asset impact map
- Three scenarios for Tuesday
- Key levels worth watching
- What invalidates the framework
- FAQ
Why this CPI cycle is not like the last twenty
The desk's free macro framework
Same lens this article uses, applied across every asset class. Five questions the desk runs before sizing any trade, plus the four lenses we read price through. No email needed to read the page.
US CPI for April lands Tuesday 12 May 2026 at 13:30 BST (08:30 ET). Headline consensus 3.7% YoY, core 2.7% YoY. The print arrives two days before the Senate is expected to confirm Kevin Warsh as the next Fed Chair, and three days before Jay Powell's term as Chair officially ends on Friday 15 May. The sequencing matters more than the number.
This is the last print Powell shapes the framing on, and the first the market reads through a Warsh-Fed lens. The communications regime is changing mid-week. Consequently, the usual rule that "a hot print sells bonds and bids the dollar" carries an asterisk this cycle, because traders are simultaneously pricing the change in reaction function at the top of the Eccles Building.
The desk's read going in: most retail will trade the print number. Most institutional flow will trade the gap between what the print says and what the next Chair signals he cares about. That gap is the alpha. Knowing how to trade CPI in this regime means understanding both the data and the political overhang on the response.
As Joseph Wang has argued repeatedly, the Fed's reaction function dominates the data itself. The print is the input. The communication is the trade.
CPI in one paragraph (the AI-search snippet)
The five-driver decode: how to trade CPI without staring at the headline
Inside the print there are five numbers that matter. The headline grabs the screens, but the institutional desks scan all five in the first 60 seconds and weight them by which the Fed cares about this cycle. Get the weighting wrong and the cross-asset move makes no sense to you.
1. Headline YoY. The flashy number. Useful for political headlines, less useful for rates. Energy-driven swings (WTI sitting at $97.97, +2.67%, Yahoo Finance, 2026-05-10) feed directly into headline and create false signals.
2. Core YoY. Strips food and energy. The standard policy benchmark. Consensus for April is 2.7%. A 0.1pp surprise either way is enough to move the 2Y yield meaningfully.
3. Core MoM. The momentum read. This is the one short-end traders watch. A 0.2% print versus 0.3% expected reads as decelerating disinflation. A 0.4% print is hot regardless of what YoY does.
4. Shelter. The single biggest component, lagged by the way owners' equivalent rent is measured. When shelter is rolling over, core MoM cools mechanically. When shelter re-accelerates, every Fed dove loses the floor of their argument.
5. Supercore services (core services ex-shelter). Powell's preferred cut. Captures wage-driven services inflation. Lyn Alden has emphasised repeatedly that this is the read on whether disinflation is structural or just goods-side base effects. The Warsh framing may shift this weighting, but for the May print it remains the gold standard for what the FOMC actually responds to.
The full live decode on which of these the desk is weighting heaviest into Tuesday is the kind of thing that drops daily inside the MACRO MASTERY desk.
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Phase 1: T+0 to T+30 min, the no-trade window
The first 30 minutes after 13:30 BST is where retail accounts die. Spreads on EURUSD widen from 0.2 to 1.5+. Gold can move $20 in either direction and reverse twice. The S&P 500 e-mini will gap, retrace, gap again. Algos front-run the print headlines on every wire (Reuters, Bloomberg, BLS direct) by milliseconds. Human-speed trading inside that window is gambling.
The discipline is to do nothing. The desk's screens stay up, the levels are pre-drawn, but no order goes live. Watch the impulse, watch the retrace, watch which wire prints first and how the tape responds. The single biggest improvement most discretionary traders make to their CPI P&L is removing themselves from the first 30 minutes.
What the desk IS doing in this window: logging the five drivers, marking which cross-asset moved first (the 2Y yield is usually the cleanest tell), and noting whether the headline impulse holds or fades into the half-hour mark. The print is data collection, not execution.
Desk pick for sizing into the print
Vantage Markets is what the desk runs for CPI-week positioning. Dual FCA and ASIC Tier-1 regulation plus Lloyd's of London supplementary insurance up to $1m per client. The protection layer that actually matters when you hold size through a 5 to 10x spread blowout in the first 30 minutes of the print.
Phase 2: T+30 to T+90 min, cross-asset confluence verification
By T+30 the spreads have normalised, the initial algorithmic squeeze is out, and the human tape begins. This is the verification phase. The question is not "what did CPI say" but "do four assets agree on what CPI meant?"
The four-asset confluence check the desk runs:
DXY. Sitting at 98.065 (+0.23%, Yahoo Finance, 2026-05-10 close). A hot print should bid DXY through 98.50 round resistance. If DXY refuses to bid on a hot print, the dollar is telling you something the rates market hasn't priced yet, usually a Fed-credibility issue or a foreign-flow problem.
The 2Y yield. The 2Y is the cleanest CPI tell because it tracks Fed pricing more directly than any other asset. Yields should be sourced from FRED, never from a broker feed. A hot core MoM that doesn't push 2Y yields higher is a sign the market is fading the print as noise.
Gold. XAUUSD sitting at $4,696.60 (-0.50%, Yahoo Finance, 2026-05-10 close). Gold reacts to real yields, not nominal yields, so the gold response to CPI tells you whether the bond market read the print as inflation-up or growth-down. A hot print that sells gold is reading as "Fed hawkish". A hot print that bids gold is reading as "stagflation".
The S&P 500. SPX at 7110.17 (+0.03%). Equities are the noisiest of the four but the most retail-facing. A clean institutional read needs three of the four assets aligned. Two of four is noise. One of four is fade material.
When three of four align, the structural move is on. When only one or two align, the print is being digested in conflicting ways and the desk stays out.
Phase 3: T+90 to T+180 min, the institutional entry window
This is where institutional desks actually do business. The initial impulse is done. The pullback against the impulse gives a structural pullback against a named level. The geometry is the same as the framework outlined in how to trade FOMC and how to trade NFP: impulse, retrace into prior structure, continuation off the retrace.
The named-level taxonomy that qualifies as structural during this window:
- Round numbers at the asset's natural granularity. Gold at $5/$10 increments, DXY at 0.50, USD/JPY at 0.50, WTI at $1.
- Prior-day high or low from the session before the print. These are pre-positioned liquidity zones.
- Weekly high or low. Bigger liquidity, more important.
- Defended intraday level with at least two touches inside the current session. If the pullback retests a level that already held twice in the morning, that is a real read.
- H4 or D1 supply/demand shelf. Higher-timeframe structural zones.
- Anchored VWAP from a defined anchor (the CPI release itself, the prior-week open, the prior FOMC).
What does NOT qualify: an RSI 30/70 line, a Fibonacci 61.8 in isolation, a moving-average crossover. Indicator-only levels with no structural anchor behind them are inadmissible during a CPI session because the volatility regime overrides them.
The desk caught a clean read on the CPI regime in February using exactly this geometry, the framework itself is in the desk's archive at MACRO MASTERY.
Desk pick for tight execution
For traders who want raw spreads on the entry, Blueberry Markets is the cleaner economics call on CPI day. ASIC-regulated, raw spreads from 0.0 pips, MT4 plus MT5 plus cTrader. When the first 30 minutes blows the spread 5 to 10x on every retail broker, raw-spread accounts are where institutional traders re-engage in Phase 3.
Phase 4: T+180 min onwards, structural trail management
By T+180 the print is fully digested. The cross-asset alignment has either held or broken. If the structural move is intact, the management phase is about reading higher-timeframe structure (H4 swing points, D1 closes) rather than session-level noise. CPI prints with conviction tend to extend into the next 48 to 72 hours, not just the afternoon. The May 2026 print specifically has the Powell-to-Warsh handover sitting on top of it, so the post-print structure runs into the Senate confirmation and Powell's term-end as separate catalysts.
The discipline in Phase 4 is to stop adding noise. Pre-print levels matter, the print levels matter, the closing structure matters. Intraday wiggles do not.
Desk pick if you trade CPI on prop capital
If you want to trade CPI day without putting personal balance at risk, E8 Markets is the prop firm the desk picks. Static drawdown (not trailing high-water mark) which means the post-CPI drawdown cycle does not compound against you. 6% profit target on E8 One is the lowest in the industry. Code KENMACRO stacks 5% off any challenge size.
Worked example: how to trade CPI on Tuesday 12 May 2026
Walk through the framework against the actual setup landing this week.
Pre-print state (close 10 May 2026): DXY 98.065, EURUSD 1.1767, USDJPY 156.873, gold $4,696.60, silver $79.93, WTI $97.97, Brent $103.90, S&P 500 7110, BTC $81,667.48 (all cross-referenced via Yahoo Finance and exchange APIs, 2026-05-10 close). VIX at 20.20 (+5.23%), so volatility is bidding into the print rather than complacent.
Driver weighting going in. Energy is the wildcard. WTI +2.67% on the day, Brent +2.58%, both feeding into headline CPI. The risk is that headline prints above 3.7% consensus while core lands in line. That is a market-confusing print: hot headline, in-line core. The 2Y yield reaction will tell you which one matters.
Phase 1 discipline. No trade between 13:30 and 14:00 BST. Watch the impulse on EURUSD against the 1.1750 round level, gold against the $4,700 round, and DXY against 98.50 round resistance. The desk is logging, not clicking.
Phase 2 confluence. By 14:00 BST, check: did DXY break 98.50 or fail there? Is the 2Y yield up more than 5bp or unchanged? Is gold below $4,675 (prior-day support) or above $4,720? Are equities risk-on or risk-off? Three of four aligned is the read.
Phase 3 window. Between 15:00 and 16:30 BST, the structural pullback against the day's impulse retraces into named structure. The relevant levels are in the levels card below.
Phase 4 trail. Hold through to the Tuesday close, read the structure into Wednesday's London open. The Senate confirmation vote on Thursday and Powell's term-end on Friday are separate catalysts, not extensions of the CPI move.
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Cross-asset impact map: what moves when CPI prints hot vs cool
Hot Print (core MoM above 0.3%)
- DXY ↑ through 98.50 round
- 2Y yield ↑ (Fed-pricing repricing)
- Gold ↓ on real-yield bid
- S&P 500 ↓ on duration sell
- USDJPY ↑ on yield differential
- BTC ↓ on liquidity squeeze
Cool Print (core MoM at or below 0.2%)
- DXY ↓ back toward 97.50
- 2Y yield ↓ (cut-pricing returns)
- Gold ↑ on real-yield drop
- S&P 500 ↑ on multiple-expansion bid
- USDJPY ↓ on differential compression
- BTC ↑ on liquidity-easing read
Asset by asset: what's currently priced going into the print
| Asset | Current | What's priced |
|---|---|---|
| DXY | 98.065 | In-line CPI, mild upside skew. Refuses to break 98.50 round. |
| EURUSD | 1.1767 | Holding above 1.1750 round support, capped by 1.1800. |
| USDJPY | 156.873 | Carry-trade bid intact, MoF jawboning risk into 158.00. |
| Gold | $4,696.60 | Off the highs but defending $4,650. Real-yield sensitive. |
| S&P 500 | 7110 | Pricing in disinflation continuation. Hot print is asymmetric. |
| WTI | $97.97 | +2.67% on the day. Headline-CPI risk factor. |
| BTC | $81,667 | Mildly bid (+1.24%). Liquidity-regime sensitive. |
Trade the print, not the headline
The MACRO MASTERY desk covers CPI, FOMC, and NFP live as the prints land. Five-driver decode, cross-asset confluence map, and named-level reads delivered in real time inside the Discord.
Three scenarios for Tuesday's print
Scenario A (45%): in-line core, slightly hot headline. Core YoY 2.7%, core MoM 0.3%, headline 3.8% (energy push). The cross-asset move is muted because the policy-relevant cut lands in line. DXY tends to drift around 98.00, gold ranges between $4,675 and $4,720, the 2Y yield barely moves. The Powell-to-Warsh handover dominates the second half of the week. This is the scenario where Phase 1 discipline pays the most because the impulse fades quickly.
Scenario B (30%): cool core (sub-0.2 MoM). Core MoM at 0.1-0.2%, YoY at 2.6%. Disinflation read intact. DXY tends to drift toward 97.50 round support, gold tends to push the $4,720-$4,750 zone, the S&P 500 tends to extend the duration bid through 7150. The 2Y yield drops 5-8bp as cut pricing returns. The Warsh framing reads as dovish-friendly, not hawkish.
Scenario C (25%): hot core (0.4 MoM or above). Stagflation read. DXY tends to push 98.50 round resistance and through, gold may diverge upward on real-yield confusion (stagflation bid), the S&P 500 sells the duration trade and tests prior-day support. USDJPY tends to push 157 toward the MoF jawboning zone at 158. This is the messiest scenario because gold's reaction depends on whether real yields rise (gold down) or the market reads stagflation (gold up). Understanding real yields is the deciding lens.
Key levels worth watching across the CPI session
Named structural levels (taxonomy: round, prior-day, weekly, defended, H4 shelf)
- DXY 98.50, the round-number resistance that capped the recent rally. First confluence test on any hawkish read.
- DXY 97.50, the round-number support below current price. Break here on a cool print opens the structural drift toward 97.00.
- EURUSD 1.1800, the round-number resistance immediately above current 1.1767. First liquidity above.
- EURUSD 1.1750, the round support being held into the print. Loss of this on a hot read flips short-term structure.
- Gold $4,700, the round number immediately above current $4,696.60. Reclaim and hold on a cool print is the cleanest tell.
- Gold $4,650, the round support below. Defended on the recent leg lower, a clean break opens the $4,600 zone.
- USDJPY 156.50 / 158.00, round-number anchors. 158.00 is the MoF jawboning watch-zone, 156.50 is the round below current price.
- S&P 500 7100, the psychological round level the index is sitting on (currently 7110). Hold through CPI is structurally constructive.
- WTI $100, the round level just above current $97.97. A break here on the day amplifies headline-CPI risk for the next print cycle.
Reasons attached, not numbers in isolation. The level matters only because of what defended it or what sits on the other side.
How the framework transfers to FOMC, NFP, ECB, BoE
The four-phase structure is event-agnostic. The phase windows compress or extend depending on the event's volatility profile, but the geometry is the same.
FOMC. The release is 14:00 ET (19:00 BST), followed by Powell's press conference at 14:30 ET. The Phase 1 no-trade window extends across both the statement and the press conference, so T+0 to T+90 minimum. See how to trade FOMC for the press-conference-specific overlay.
NFP. 13:30 BST same as CPI. The five-driver decode becomes a four-driver decode (headline, unemployment rate, average hourly earnings YoY, participation rate). Wage growth is the supercore-services equivalent. The framework is unpacked in how to trade NFP.
ECB. 13:15 CET rate decision, 14:45 CET press conference. Phase windows shift by the time-of-day. Liquidity is lower than for FOMC, so the algorithmic squeeze in Phase 1 is sharper but shorter.
BoE. 12:00 GMT decision, monetary policy report at the same time. Sterling specifically is more sensitive to MPC dissent counts than to headline rate moves, so the five-driver equivalent here is dissent.
The five-lens framework, including the daily-routine dashboard the desk runs every London morning, is unpacked in detail inside the MACRO MASTERY desk.
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The Warsh-Fed overlay specifically
Kevin Warsh's confirmation expected on Thursday 14 May, Powell's term-end Friday 15 May, makes the May CPI a regime-transition print. Warsh has historically been hawkish on inflation and dovish on financial-stability triggers. Two practical implications:
First, the reaction function on a hot print may be stronger than the prior Powell-Fed function would have produced. If core MoM lands at 0.4%, the 2Y yield reaction tends to be larger than the equivalent move under Powell, because the market is pricing a Chair with a higher inflation-fighting bias.
Second, the reaction function on financial-stress signals (a sharp equity drawdown, a credit-spread widening) may also be more dovish than the Powell-Fed baseline. Warsh has signalled openness to liquidity support during stress events. This is the asymmetry the market is still pricing in.
Lyn Alden has noted that regime transitions at the Fed historically produce 60 to 90 days of elevated cross-asset volatility while the new Chair's reaction function is mapped. CPI Tuesday is the first data point of that mapping process.
What about gold specifically during CPI sessions?
Gold's CPI reaction is the most read-dependent of any asset because gold prices real yields, not nominal yields. The decomposition matters.
A hot core that pushes nominal 2Y yields up by 8bp and 10Y breakevens by 5bp means real yields rose 3bp. Gold sells. A hot headline driven by energy that pushes breakevens up 10bp and nominal yields 5bp means real yields fell. Gold rallies. The two prints can look identical at the headline level and produce opposite gold moves.
Current gold at $4,696.60 (Yahoo Finance, 2026-05-10) is sitting just below the $4,700 round and above the $4,650 defended zone. The structure into the print is balanced. For the full gold-specific decode, see how to trade gold (XAUUSD) in 2026.
What about the dollar pairs?
EURUSD at 1.1767 (Yahoo Finance, 2026-05-10) sits between the 1.1750 round support and 1.1800 round resistance. A tight range into a high-vol print. The structural read is in how to trade EURUSD in 2026.
USDJPY at 156.873 carries the yen-carry-trade overlay. The Bank of Japan's tightening pace, the MoF intervention threshold, and the US 10Y yield all sit in the same equation. The framework for that interaction is in how to trade USDJPY and the yen carry trade in 2026, and the broader mechanics in the carry trade explained.
Risk-off vs risk-on regime reads
The VIX at 20.20 (+5.23%) on the day before the print signals that volatility is bidding into the event. This is normal. The read post-print is whether the VIX stays bid or compresses below 18. A compression below 18 inside 24 hours of the print is a clean risk-on signal. A push above 22 with equities under prior-day support is a clean risk-off signal. The middle ground (VIX 19-21) is regime-uncertain and typically maps onto Scenario A.
For context on how stagflation reads layer on top of CPI prints, see stagflation explained.
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What would invalidate this framework
Framework invalidation conditions
The four-phase framework breaks down under three specific conditions. The first is a tape-stop event during the print, where a circuit breaker, exchange outage, or order-book freeze prevents the cross-asset confluence check from running. The second is a coincident geopolitical headline within 30 minutes of the print (Middle East flare, surprise Senate vote, terror event) that overwhelms the CPI signal. The third is a Fed jawboning event (a Chair speaks within 60 minutes of the print) that resets the entire reaction function.
When any of these triggers, the desk goes to flat and reassesses on the next session open. The framework relies on a clean reaction function. When that's contaminated, the structural read is unreliable.
Final takeaway: the print is the input, the structure is the trade
Retail trades the headline. Institutions trade the structural pullback against a named level after the cross-asset confluence has aligned. The first 30 minutes are not a trading opportunity, they are a data-collection window. Knowing how to trade CPI is knowing when not to click.
The institutional framework for how to trade CPI is four phases: no-trade window (T+0-30), cross-asset confluence check (T+30-90), structural pullback window (T+90-180), trail management (T+180+).
Five drivers inside the print: headline YoY, core YoY, core MoM, shelter, supercore services.
The May 2026 CPI sits inside a Fed regime transition from Powell to Warsh, which raises both the hawkish and the dovish asymmetry depending on how the print prints.
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Related Reading
- How to Trade FOMC: The Institutional Framework
- How to Trade NFP: The Institutional Framework
- How to Trade Gold (XAUUSD) in 2026
- Real Yields Explained
- The Week Ahead: 10 May 2026
FAQ: How to Trade CPI
What time does US CPI release?
US CPI is published by the Bureau of Labor Statistics at 08:30 ET, which is 13:30 BST during British Summer Time and 13:30 GMT during winter. The release lands simultaneously across Reuters, Bloomberg, and the BLS website. Algorithmic systems front-run human traders by milliseconds, which is why the first 30 minutes are a no-trade window for discretionary execution.
Why is the first 30 minutes after CPI a no-trade window?
Three reasons. First, broker spreads widen 5 to 10x during the initial impulse, which means the cost of any entry is materially higher. Second, the tape whipsaws twice on average before settling, as headline algorithms react to the wire and then re-react to the sub-component breakdown. Third, the cross-asset confluence has not yet aligned, so any entry inside the window is uncorroborated by the rest of the market.
Which CPI component matters most to the Fed?
Supercore services, defined as core services excluding shelter, is the cut Federal Reserve officials cite most often. It captures wage-driven services inflation and strips out the volatile goods and shelter components. Core MoM is the short-end momentum read. Headline YoY moves political narrative but matters less for rate-pricing. The Warsh-Fed transition in May 2026 may shift which sub-component receives the most weight in communications.
How do I read the cross-asset confluence after CPI?
Run a four-asset check at T+30 to T+90 minutes: DXY direction against the 98.50 round, 2Y yield direction (sourced from FRED, not a broker feed), gold direction filtered through real yields, and S&P 500 reaction. Three of four pointing the same way is the institutional confirmation. Two of four is noise. One of four is a fade signal. The 2Y yield is the cleanest single asset because it tracks Fed-pricing directly.
Does the framework work for NFP and FOMC too?
Yes. The four-phase structure is event-agnostic. NFP runs on the same 13:30 BST schedule with a four-driver decode (headline, unemployment, average hourly earnings, participation). FOMC extends Phase 1 to cover both the statement at 14:00 ET and the press conference at 14:30 ET, so T+90 minimum no-trade. ECB and BoE follow the same geometry with adjusted time-of-day and liquidity profiles.
What named levels qualify as structural during a CPI session?
Six categories: round numbers at the asset's natural granularity (gold $5/$10, DXY 0.50, USDJPY 0.50, WTI $1, BTC $1,000), prior-day high or low, weekly high or low, defended intraday levels with at least two touches in the current session, H4 or D1 supply/demand shelves, and anchored VWAP from a named anchor (the print itself, the prior-week open, the prior FOMC). Indicator-only levels (RSI, MACD, stochastic) do not qualify.
Why does gold sometimes rally on a hot CPI print?
Gold prices real yields, not nominal yields. If a hot headline pushes inflation breakevens up faster than nominal Treasury yields, real yields fall and gold rallies, even though nominal rates are higher. This is the stagflation read. Conversely, a hot core MoM that pushes nominal yields up faster than breakevens means real yields rise and gold sells, even though inflation surprised to the upside.
What is the Warsh-Fed overlay for May 2026 CPI?
Kevin Warsh is expected to be confirmed as Fed Chair on Thursday 14 May 2026, with Powell's term ending Friday 15 May. The Tuesday 12 May CPI is the last print Powell shapes communications on and the first the market reads through a Warsh lens. Warsh has historically been more hawkish on inflation and more dovish on financial-stability triggers than Powell. This raises the asymmetry of both hot and stress-driven prints during the 60 to 90 day reaction-function-mapping window.
How does the framework handle a tape-stop or geopolitical headline during the print?
Three invalidation conditions break the framework: a tape-stop event (circuit breaker, exchange outage, order-book freeze) during the print, a coincident geopolitical headline within 30 minutes that overwhelms the CPI signal, and a Fed jawboning event (a Chair speaks within 60 minutes) that resets the reaction function. Under any of these, the desk goes flat and reassesses on the next session open. The framework requires a clean reaction function to work.
Where can I follow live CPI coverage?
The MACRO MASTERY desk covers every CPI, FOMC, and NFP print live inside Discord as the data lands, with the five-driver decode, cross-asset confluence check, and named-level reads in real time. Daily 07:00 London macro pulse plus event coverage as it happens. Free through the Blueberry Markets partnership.
Sources: price snapshot cross-referenced via Yahoo Finance and exchange APIs (2026-05-10 close). US Treasury yields per FRED (Federal Reserve). CPI release schedule and methodology per US Bureau of Labor Statistics. Federal Reserve policy communications per federalreserve.gov. Analyst attribution: Lyn Alden (supercore services framing), Joseph Wang (rea
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