🚨 Today, the U.S. Bureau of Labor Statistics will release the inflation data for April. Below are the forecasts and previous values for key inflation indicators:
Inflation Rate MoM
Forecast: 0.3%
Previous: -0.1%
Core Inflation Rate MoM
Forecast: 0.3%
Previous: 0.1%
Inflation Rate YoY
Forecast: 2.4%
Previous: 2.4%
Core Inflation Rate YoY
Forecast: 2.8%
Previous: 2.8%
As can be seen from these indicators, the market has already priced in a rise in monthly inflation.
🐂 If the MoM figures are lower than the forecasts, this could lead to further growth in the stock and cryptocurrency markets.
🐻 If the MoM figures are higher than the forecasts, this could trigger a correction.
🤩 If the MoM figures remain at the forecast levels, the market will continue its current movement.