MARKET UPDATE

MARKET UPDATE

By MattiG | AlexCrypto | 13 Apr 2023


After the CPI rose 0.1% in March, US index futures rallied strongly.

In turn, these numbers are below the projections made by economists who expected an increase of 0.2%.

The underlying CPI corresponding to food and energy was 5.6% annually and denoted a rise of 0.4% monthly.

As a consequence, Goldman Sachs economists think that rates will not be raised in June, since inflation has frozen.

The Fed is expected to increase interest rates by 25 points, this being the last increase of the year in May.

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MattiG
MattiG

Im cool!


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