The U.S. Consumer Price Index (CPI) experienced a surprising decline of 0.1% in March. This drop contrasted sharply with economists’ predictions of a 0.1% increase, following a 0.2% rise in February. On a yearly basis, the headline CPI increased by just 2.4%, falling short of the forecasted 2.6% and February’s 2.8%. The core CPI, which excludes volatile food and energy prices, only rose by 0.1% in March, against expectations of a 0.3% increase and February’s 0.2%. Annually, the core CPI climbed 2.8%, below the anticipated 3% and February’s 3.1%. Following the CPI report, the price of bitcoin rose modestly above $82,000. U.S. stock index futures faced pressure, with the Nasdaq 100 dropping 2.7% and the S&P 500 declining 2.1%. The odds of a rate cut at the Federal Reserve’s next meeting in May were estimated at 17%, with a 75% chance of a 25 basis point or more cut by the end of June.
Paris78
@Paris781658012
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2h CPI for March -0.1% VS +0.1% and jobless claims 223K vs 223 EST. Which is a good report that show a cooling in the economy that the Fed wants. #CPI #Bitcoin #BabyDoge
Libs of TikTok
@libsoftiktok
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45m BREAKING: Inflation drops to 2.4% in March and CPI data shows prices rising at their SLOWEST pace since March 2021.On a month-over-month basis, prices declined 0.1% — the first time monthly CPI prices have fallen since May 2020.
Crypto Insights
@manuel_dfl
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4m BREAKING: Inflation drops to 2.4% for the month of March – Lower than the expected 2.5%.And Core CPI inflation falls below 3.0% – The lowest since March 2021.Promises made, promises kept.
The Kobeissi Letter
@KobeissiLetter
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2h BREAKING: March CPI inflation FALLS to 2.4%, below expectations of 2.5%.Core CPI inflation FALLS to 2.8%, below expectations of 3.0%.This marks the 2nd straight monthly decline in Headline and Core CPI inflation.Inflation has cooled down despite the trade war.
RPM
@rpm87x
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2h CPI just dropped:
•Core m/m: 0.1% vs 0.3% est
•Headline m/m: -0.1% vs 0.1% est
•y/y: 2.4% vs 2.5% est
•Jobless claims in line at 223KInflation cooling faster than expected?
Let’s see how the market react to this#CPI #Macro #Markets
dtkdreamers
@dtkdreamers
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2h BREAKING: March CPI drops to 2.4%, below the 2.5% forecast.
Core CPI also falls to 2.8%, under the expected 3.0%.This is the second straight monthly decline in both headline and core inflation.
Inflation is easing—even amid ongoing trade tensions.
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