The annual inflation figures in the United States are better than analysts’ estimates, which had forecast stabilization at 5%, unchanged from March.
On a monthly basis, the inflation rate rose 0.4% in April, in line with expectations, after slowing in March to 0.1%.
As for core inflation – which excludes food and fuel prices – it fell in April to 5.5%, in line with expectations, against 5.6% in March.
Markets have been waiting for US inflation data to explore the path the US Federal Reserve might take on interest rates, which it has raised 10 times in a row since March 2022.
Expectations that the Federal Reserve will begin cutting interest rates later this year are rising due to recent pressures on the banking sector following the collapse of Silicon Valley in March.
Markets are currently betting heavily that the US central bank will keep interest rates at their current level in June.
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