Inflation eased to 4-year low
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Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
Analysts are still crunching the numbers on the impact of President Donald Trump's executive order from Monday on drug pricing. HSBC analyst Rajesh Kumar says a 20% price cut in government channels could result in 15% operating profit cuts in the industry.
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TV News Check on MSNDow Drops 89, Nasdaq Gains 137, S&P 500 Adds 6Stocks ended mixed on Wall Street Wednesday, holding on to most of the gains they made earlier in the week. The post Dow Drops 89, Nasdaq Gains 137, S&P 500 Adds 6 appeared first on TV News Check. The post Dow Drops 89,
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Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this summer.
The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce.
You may see some price increases from tariffs in your shopping, but you won't see them in Wednesday's official report on inflation in April, forecasters say.
Inflation cooled dramatically in March, but don’t expect a repeat performance in April’s data. Economists surveyed ... waned in April largely due to the impact of previously announced tariffs ...
U.S. stock futures dropped Tuesday morning as investor focus shifted from the recent U.S.-China tariff truce to the April CPI report, a key inflation update that could influence Federal Reserve interest rate cuts.