Moody's: US CPI good, but "the stubborn strong growth in housing costs" a key frustration

Mark Zandi is Chief Economists at Moody's Analytics economics team. he has a nicely balanced take on the April CPI from the US:

More on the data here:

• Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame

More:

• Yes, April CPI was lower than expected, but "don’t get too carried away"
• BlackRock on inflation (moving in the right direction) and the Fed (higher 4 longer still)
• Fed Goolsbee says if housing inflation decrease seen in April CPI continues, that's great!