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#CPI&JoblessClaimsWatch Let's break down the latest data on CPI and Jobless Claims ¹:
CPI (Consumer Price Index)
- *March CPI*: 2.4%, down from 2.8% in February, beating expectations of 2.5%
- *Core CPI*: 2.8%, excluding food and energy, rose 0.1% month-over-month
- *Impact*: This drop in inflation might ease pressure on the Federal Reserve, potentially leading to interest rate cuts
Jobless Claims
- *Initial Jobless Claims*: 223,000, slightly higher than the previous week's 219,000
- *Continuing Claims*: 1.85 million, better than expected
- *Labor Market*: The labor market looks stable, with no signs of significant weakness
Market Reaction
- *Equity Markets*: Lower-than-expected CPI can boost equity markets
- *Crypto Assets*: A dovish Federal Reserve could drive capital into risk assets like Bitcoin
- *USD Index*: Struggling near 103.50 after soft CPI data
What's Next?
- *Federal Reserve Watch*: The Fed might consider interest rate cuts due to easing inflation
- *Economic Indicators*: Keep an eye on upcoming events, such as the FOMC meeting and Fed speeches, for insights into future monetary policy decisions
