Dow struck by Unitedhealth Plunge, S&P 500, Nasdaq Rise while CPI reaches a 4 -year hollow
The report on the APRIL Consumer Price (IPC) has shown that inflation pressures have argued in the first month that many prices of President Trump were in force.
The latest data from the Bureau of Labor Statistics showed that consumer prices increased by 2.3% compared to the previous year in April, a slowdown compared to 2.4% of March and less the forecasts of economists for 2.4%. This has marked the lowest annual increase since February 2021, before an increase in inflation triggered a hiking cycle of interest rates of the Federal Reserve.
On one basis of the month to the other, prices increased by 0.2%, greater than the 0.1% decreased in March but less than 0.3% estimated by economists.
Based on “nucleus”, which removes the most volatile costs of food and gas, prices in April climbed 0.2% in the previous month, before the 0.1% increase in March but below consensual projections for an increase of 0.3%. In the past year, base prices increased by 2.8%, unchanged from the previous month and in accordance with Wall Street expectations.
The IPC report welcomes investors less than 24 hours after the markets skyrocketed that the United States and China have placed a 90-day break on a wide bunch of prices between the two countries.
Read the rest here.
