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.

NEW YORK: The dollar fell and major US stock indexes rose on Tuesday (May 13) on news that US consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global markets.

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.

US economic outlook improves, inflation forecasts drop and recession odds fall after US-China trade deal to reduce the highest tariffs for 90 days.

The second term for President Trump has been punctuated by tariff uncertainty, but could his recent de-escalation from a brewing trade war with China reset market expectations in the United States?

Ethereum (ETH) saw a quick rebound on Tuesday, rising 9% following a soft April Consumer Price Index (CPI) reading in the United States (US). The top altcoin bounced off the $2,400 level and stretched its weekly gains to 50% as it continues to see sustained demand, with more analysts predicting a rotation from BTC toward ETH.

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.