Inflation eased to 4-year low
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The Dow Jones spun a tight circle near 42,300 on Tuesday. Markets largely failed to react to US CPI inflation, which eased slightly in April. Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
The euphoria over the US-China trade truce began to fade as investors digested the latest reading on consumer prices.
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
US Stock market futures are facing pressure as tariff uncertainty continues to dominate the conversation. The S&P 500, Dow Jones, and Nasdaq futures struggle for direction after recent tech rallies, especially in companies like Nvidia.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
Federal Reserve Chairman Jerome Powell sent stocks lower when he commented about the impact of President Trump's tariffs and how it may affect inflation and a potential rate cut.
The University of Michigan's final read on consumer sentiment for March came in at 57, slightly below a Dow Jones estimate of 57.9, as inflation ... visibility on impact/timeline further ...
Russia's central bank Friday left its key interest rate unchanged for a fourth straight meeting, despite a continuing rise in inflation driven ... have proinflationary effects through the ruble ...
U.S. stock futures dropped Tuesday morning as investor focus shifted from the recent U.S.-China tariff truce to the April CPI report, a key inflation update that could influence Federal Reserve interest rate cuts.