inflation, tariff
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US inflation likely accelerated in April after an unexpected cooldown the previous month, with higher tariffs on Chinese goods in particular starting to impact prices.
Consumer prices rose 2.3 per cent in April from a year ago, down from 2.4 per cent in March and the smallest increase in more than four years.
Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.
Economists at Goldman Sachs Group Inc. boosted their forecasts for US inflation this year and next, in part to account for a weaker dollar following the Trump administration’s tariff announcements.
Pound US Dollar Exchange Rate Forecast: GBP/USD Price Steady As Trump Calls For Lower Interest Rates
The Pound US Dollar ( GBP/USD) exchange rate traded in a narrow range on Wednesday following US President Donald Trump’s latest attack on Federal Reserve monetary policy. At the time of writing GBP/USD was trading at around $1.3318. Virtually unchanged from Wednesday’s opening levels.
The Indian rupee is expected to open higher on Wednesday, aided by a weaker dollar following soft U.S. inflation data and on expectations that the one-off outflow seen in the prior session may not repeat.
US economic outlook improves, inflation forecasts drop and recession odds fall after US-China trade deal to reduce the highest tariffs for 90 days.
Bitcoin price surges above $104K as April CPI cools to 2.3%, boosting Fed rate-cut bets and fueling bullish market sentiment. Bitcoin Rises Above $104K as
XRP price outlook brightens as Ripple’s Monica Long forecasts surging adoption amid shifting US crypto sentiment.