#CPI&JoblessClaimsWatch CPI and Jobless Claims Update

The latest data shows a mixed bag for the US economy. Here's what's happening:

*Consumer Price Index (CPI)*

- *March CPI*: Rose 0.1% monthly, bringing the annual rate down to 2.4%, better than expected

- *Core CPI*: Increased 0.1% monthly and 2.8% yearly, indicating easing inflationary pressures

- *Impact*: This decline in inflation might ease pressure on the Federal Reserve, potentially leading to interest rate cuts

*Jobless Claims*

- *Initial Claims*: Reached 223,000 for the week ending April 5, slightly higher than the previous week's 219,000

- *Continuing Claims*: Dropped to 1.85 million, better than expected

- *Labor Market*: The job market remains stable, with companies holding tight to workers ¹

*Market Reaction*

- *S&P 500 Futures*: Down 1.8% ahead of CPI and jobless claims data

- *USD Index*: Struggling near 103.50 after soft CPI data

- *Cryptocurrency*: Lower CPI might boost crypto assets, with Bitcoin potentially benefiting from a more dovish Federal Reserve policy

*What's Next?*

- *Federal Reserve Watch*: With inflation retreating, pressure may ease on the Federal Reserve, opening the door for future interest rate cuts

- *Economic Indicators*: Keep an eye on upcoming economic data, including the FOMC meeting and jobless claims, for further insights into the US economy's trajectory ¹ ²