In the United States, inflation in fact decreased in terms of the title last month and the basic rate has barely increased, perhaps rekindling the debate on the question of whether the federal reserve would resume the cup rates at its next meeting in May.
The consumer price index (IPC) dropped by 0.1% in March. Economists expected an increase of 0.1%, after a 0.2% gain in February. Over one year on the other, the CPI title increased only 2.4% compared to forecasts of 2.6% and 2.8% of February.
Basic ICC, which removes volatile food and energy prices, only climbed 0.1% in March against 0.3% forecasts and 0.2% reading of February. The basic ICC increased 2.8% in annual sliding, much less expectations for 3% and 3.1% of February.
The Bitcoin price (BTC) has increased modestly to more than $ 82,000 in the minutes that followed the news. After yesterday’s historic move, the US stock index contracts are under pressure on Thursday morning, the NASDAQ 100-2.7% and S&P 500 2.1%.
The report of the IPC on Thursday morning, of course, contains data before the announcements of the “Liberation Day” of President Trump last week which sent the market in a panic of several days, part of which was recovered yesterday after the president’s 90 -day break.
Before the price break and the market resumption, traders had actively tariff a rate drop at the next Fed meeting in May. Just before the data of the IPC, these chances had been brought back only 17%. For the moment, June looks like the action meeting, with a chance of 75% of 25 base points or more rate drops at the end of this event.
For the future, attention turns to the report of the producer price index (PPI) on Friday, which can further shape the expectations of the Fed policy in May.
