美国4月“恐怖数据”略超预期，PPI意外大降温！

Group 1 - The core viewpoint of the articles indicates that despite a slight increase in U.S. retail sales in April, the growth rate has significantly slowed, raising concerns about consumer spending stability in the coming months [1][3] - April retail sales recorded a month-on-month increase of 0.1%, slightly above the market expectation of 0%, with the previous value revised from 1.4% to 1.5% [1] - The Producer Price Index (PPI) for April showed a year-on-year rate of 2.4%, below the expected 2.5% and the previous value of 2.7%, marking the third consecutive month of decline and the lowest since September of the previous year [1][3] Group 2 - Federal Reserve Chairman Jerome Powell's remarks following the data release emphasized the need to reconsider strategies regarding employment and average inflation rates, reflecting significant changes in the economic environment since 2020 [3][4] - Powell indicated that the actual interest rates adjusted for inflation have risen, which may impact the current framework of the Federal Reserve, suggesting a potential shift towards more frequent and persistent supply shocks [4] - The Federal Reserve is currently evaluating its policy framework, which is unlikely to affect the current interest rate setting, with results expected to be announced by August or September [3][4]