U.S. April CPI due tonight 21:30 KST; consensus 3.7%, Fed/ECB/BoJ hold rates

The BLS releases April CPI tonight (May 12) at 21:30 Korea time. Market consensus: headline month-over-month +0.6%, year-over-year +3.7%; core +0.3% MoM, +2.7% YoY, approaching 4% for the full year. The FOMC held rates at 3.50–3.75% on April 29 with four dissents—the largest opposition since 1992. The ECB kept deposit rates at 2.00% for a third straight cut on April 30. The BoJ held at 0.75% on April 28 in a 6-3 split vote, raising FY2026 core inflation guidance to 2.8%. The 10-year Treasury yield rose to 4.39% on May 11.