吴说本周宏观指标与分析：美联储官员讲话、欧洲央行会议纪要

Summary of Key Points Core Viewpoint - Recent macroeconomic indicators show that US inflation data (CPI & PPI) fell below expectations, indicating potential shifts in monetary policy and economic conditions [1]. Weekly Review - The US April CPI year-on-year rate was 2.3%, the lowest since February 2021, with market expectations at 2.4% [1]. - The US April PPI year-on-year rate recorded 2.4%, marking a third consecutive month of decline and the lowest since September of the previous year. The month-on-month PPI for April was -0.5%, the lowest since April 2020, significantly below the market expectation of 0.2% [1]. - The Bank of Japan's April monetary policy meeting indicated a cautious stance regarding the potential impacts of US tariffs, while not ruling out further interest rate hikes [1]. - Initial jobless claims in the US for the week ending May 10 were 229,000, aligning with expectations, with the previous value revised from 228,000 to 229,000 [1]. - Federal Reserve Chairman Jerome Powell highlighted the challenges posed by more frequent and prolonged supply shocks to the economy and the central bank [1]. - The initial consumer inflation expectations for May in the US were 7.3%, compared to an expectation of 6.5% and a previous value of 6.5% [1]. - The preliminary consumer confidence index from the University of Michigan for May was 50.8, down from April's final value of 52.2, marking the fifth consecutive month of decline [1]. Upcoming Key Events & Indicators - The Reserve Bank of Australia will announce its interest rate decision on May 20 [1]. - Nvidia's CEO Jensen Huang will speak at the Taipei International Computer Show, discussing advancements in AI and accelerated computing technologies [1]. - Federal Reserve Vice Chairman Jefferson and St. Louis Fed President Bullard will address economic outlook and monetary policy on May 22 [1]. - The European Central Bank will release the minutes from its April monetary policy meeting on May 22 [1].