CPI shows the 2% inflation target nearing, hinting at possible Fed rate cuts. Explore key market reactions and what this means for your investments.

The U.S. Bureau of Labor Statistics has announced that the adjusted CPI annual rate in April was 2.3%, the lowest since February 2021 and lower than market expectations at 2.4%. The unadjusted core CPI annual rate in April was 2.8% and remained at the lowest level since March 2021.

News that the U.S. and China have drastically reduced reciprocal tariffs for 90 days as they continue trade talks has already put a dent in rate-cut expectations.

The crypto market stood at $3.4 trillion as the Consumer Price Index (CPI) in April stood at 2.3% over the last 12 months, the Bureau of Labor Statistics reported on May 13. The Federal Reserve has set an inflation target of 2%. As per Kraken's price feed, Bitcoin was trading at $103,587 at press time.

Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.

Excluding the volatile food and energy components, the CPI rose 0.2% last month after gaining 0.1% in March. The so-called core CPI inflation increased 2.8% on a year-on-year basis in April after rising 2.8% in March.

US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report

Very compelling stories for asset re-allocation away from the US and the dollar may have to be paused temporarily – at least until we see how much this uncertainty has hit the hard data." "DXY broke through strong resistance at 100.