2024-05-15 15:04:15
US Inflation Trends and Market Reactions
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Yahoo Finance
Yahoo Finance
Finance
Economy
US stocks remained steady on Wednesday ahead of a key update on consumer prices, with futures on the Dow Jones, S&P 500, and Nasdaq 100 hovering around the flatline. Investors are cautiously optimistic about the US economy's strength and the Federal Reserve's interest rate policies, with the Consumer Price Index release set to impact market sentiment.
The Guardian
US inflation at 3.4% in April, dropping slightly from previous month
Economy
Politics
US inflation eased slightly in April with the consumer price index rising at an annual rate of 3.4%, down from the previous month. The Federal Reserve has been trying to bring down inflation to 2%, but price gains have remained stubbornly high, hindering rate cuts.
CoinDesk
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
Finance
Economy
The U.S. CPI in April rose by 0.3%, lower than expectations, indicating a slight easing in inflation. Bitcoin's price surged to $63,700 following the report release. The report also showed small declines in other areas, leading to a positive market reaction.
Yahoo Finance
Yahoo Finance
Economy
Finance
US consumer price increases in April showed a slight deceleration, with the Consumer Price Index rising 0.3% over the previous month and 3.4% over the prior year. Inflation pressures eased as the prices rose at the slowest pace in three months, meeting economist expectations.
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