Compass Investments

Crypto vs. Dollar

📌 The April CPI report showed a slight decline in US inflation, reassuring investors.

According to the latest report from the U.S. Department of Labors Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.3% in April from the previous month. The figure was just below Dow Jones forecasts, which suggested a 0.4% increase. Annualized CPI growth was 3.4% , which is in line with analysts expectations and indicates the persistence of inflationary pressures, albeit with a slight tendency to weaken. Rose

– According to the latest report from the U.S. Department of Labor’s Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.3% in April from the previous month. The figure was just below Dow Jones’ forecasts, which suggested a 0.4% increase. Annualized CPI growth was 3.4% , which is in line with analysts’ expectations and indicates the persistence of inflationary pressures, albeit with a slight tendency to weaken.

Core inflation, which excludes volatile categories such as food and energy, also rose 0.3% month-on-month and 3.6% year-on-year. The rate is the lowest since April 2021 and offers some hope to consumers facing rising prices for goods and services.

Financial markets reacted positively to the inflation data. Stock futures indexes rose, while Treasury bond yields fell. Futures traders believe it is more likely that the Federal Reserve will begin cutting interest rates in September, although some economists urge not to overemphasize the significance of the data. They note that while the report did not show a significant rise in inflation, it also did not indicate a sharp decline.

At the time of writing, the main US stock indices are showing positive dynamics. The Dow Jones Industrial Average is up 0.4% , the S

Bitcoin

Bitcoin

$66,998.09

BTC 2.68%

Ethereum

Ethereum

$3,091.93

ETH 4.98%

Binance Coin

Binance Coin

$580.68

BNB 2.00%

XRP

XRP

$0.52

XRP 1.64%

Dogecoin

Dogecoin

$0.16

DOGE 3.87%

Cardano

Cardano

$0.48

ADA 4.68%

Solana

Solana

$169.47

SOL 6.36%