Tariff 'Trepidation,' Used Car Prices Key to Watch This Summer

David Doyle from Macquarie Group joins Morning Movers to discuss this week's top macro headlines including CPI and PPI inflation data. He points to a difference in used cars prices showing a drop in April CPI data versus the Manheim Index actually indicating higher prices, and David believes this could eventually signal a price increase in May's CPI data. His group doesn't believe there will be any rate cuts in 2025, adding that inflationary pressures will be persistent through this year. He believes a "pass-through" effect from tariffs will be fully revealed in the summer months.

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