US Inflation Trends and Market Reactions
US consumer prices showed a slight deceleration in April, rising 0.3% over the previous month and 3.4% annually, meeting economist expectations and hinting at a downward inflation trend. The Federal Reserve aims to bring inflation to 2%, but stubbornly high prices have hindered this goal.
Economists anticipate inflation pressures to ease this quarter, crucial for policymakers. Market reactions were positive, with US stocks steady and potentially reaching new highs on hopes for earlier interest rate cuts by the Federal Reserve amidst the softer inflation reading.
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