#CryptoCPIWatch

*** CPI: first signs of Trump tariffs ***

April's Consumer Price Index (CPI), release on Tuesday, is expected to show the first clear signs of inflationary impacts from President Trump's tariffs.

"It's probably the first month where we get a little bit of signs that we're seeing the impact of tariffs, and it's not going to be broad-based," Bank of America senior US economist Stephen Juneau told Yahoo Finance.

On a month-over-month basis, prices are estimated to rise 0.3%, above the 0.1% decline seen in March.

While there will be signs of tariff-related inflation in Tuesday's report, economists argue the full brunt of the new policies' impact on inflation likely won't be seen for several months.

"There's less risk of recession, maybe less upside risk to inflation, but inflation still moves higher," Juneau said.

In a press conference on May 7, Federal Reserve Chair Jerome Powell stressed that the central bank would want to see potential tariff impacts appear in economic data before letting them shape the path of monetary policy.

"The risks of higher unemployment and higher inflation have risen, but they haven't materialized yet," Powell said. "They really haven't. They're not really not in the data yet ... Our policy's in a very good place, and the right thing to do is await further clarity."

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Source: Yahoo Finance