Weekly Market Note

Week of May 11–15, 2026

May 15, 2026 Main Management Research

This week’s round-up of economic releases and market insights.

In summary

Core and Headline CPI both posted sizeable increases in April, with Headline CPI accelerating to +3.78% Y/Y — the highest since May 2023. Core CPI sits at +2.74%, pushed higher by a one-off Shelter adjustment.
Both Broad and Core PPI came in far above forecasts in April as energy prices showed evidence of spilling into the Core reading, which will likely translate into elevated CPI in the coming months.
Retail Sales rose a solid +0.5% M/M in April, indicating consumers are still spending even with the jump in oil and energy prices.
Industrial Production and Manufacturing Output came in well above forecasts in April, showing ongoing expansion in the manufacturing sector.
Household Debt inched up to a new all-time high of $18.8T in Q1 2026, up +3.2% Y/Y. Delinquencies are rising at the most delinquent levels, but 95% of debt is still current.