📉 April Inflation Expected to Undershoot Market Forecasts! 🇺🇸
According to @BlockBeats, analysis from Tradingkey suggests that April’s CPI is likely to come in lower than market consensus, despite the 2.4% YoY forecast — matching March’s data.
Here’s what’s interesting:
Among the 4 key CPI components, only food is trending upward, and it only makes up 13.7% of the total CPI.
This has led analysts to anticipate softer inflation overall.
What this could mean
➡️ Higher chances of a Fed rate cut in June
➡️ US stock markets could rally 📈
➡️ Dollar index & Treasury yields may dip 📉
Market Vibes:
Risk assets (like crypto) might get a bullish boost 🚀
Traders eyeing the Fed's next move should stay alert! 👀