#CryptoCPIWatch
*CryptoCPIWatch ๐ Market Updates!*
*US Jobless Claims Slightly Up, Labor Market Remains Stable ๐ผ*
Initial jobless claims rose by 4,000 to 223,000 (as expected) for the week ending April 5. Continuing claims dropped 43,000 to 1.85 million, showing a resilient job market.
Inflation Eases: CPI Falls to 2.4% ๐ค
March 2025 CPI came in at 2.4% (vs. 2.5% expected), and Core CPI at 2.8% (vs. 3.0%). However, 125% tariffs on Chinese goods might heat up inflation soon! ๐จ
*CPI Details ๐*
- Monthly CPI slipped 0.1%
- Energy prices dropped 2.4% (gasoline -6.3%)
- Food costs rose 0.4%
- Core CPI up 0.1%, with airfares and used cars seeing price drops
*Dollar Drops, Markets Rally ๐*
- USD down ~6% year-to-date
- S&P 500 surged 5.6% after Trump delayed tariffs
*Fed's Caution โ ๏ธ*
- Fed Chair Jerome Powell warned tariffs could drive inflation higher and slow growth
- Rate cuts aren't on the table yet
Stay alert, investors! ๐ Today's CPI report might shape the Fed's next move. ๐ธ
*#CryptoCPIWatch #MarketUpdates #Inflation #Fed #Tariffs*
