#CryptoCPIWatch
The US labor market has shown resilience despite a slight uptick in jobless claims. Initial jobless claims rose by 4,000 to 223,000 for the week ending April 5, aligning with expectations. Meanwhile, continuing claims dropped by 43,000 to 1.85 million, indicating a stable employment trend. On the inflation front, the Consumer Price Index (CPI) cooled to 2.4% in March 2025, below forecasts. Core CPI, excluding food and energy, stood at 2.8%, its second consecutive decline. However, new tariffs on Chinese imports could push prices up. Key highlights include a 0.1% monthly CPI drop, driven by a 2.4% fall in energy prices, while food prices rose 0.4%. With core inflation at its slowest annual pace since March 2021, investors are closely watching for signs of economic stability amidst these developments. The market's response will be crucial in determining future trends.