Particle.news

Download on the App Store

US Inflation Moderates, Boosting Global Market Optimism

Cooling consumer prices spur record highs in US stock indexes and raise hopes for Federal Reserve rate cuts.

  • US consumer prices rose 3.4% year-over-year in April, slightly below March's 3.5%.
  • Core inflation, excluding food and energy, also saw a decrease, marking the slowest pace since early 2021.
  • The S&P 500 and Nasdaq hit record highs, driven by optimism for potential rate cuts.
  • Bond yields fell as investors adjusted expectations for Federal Reserve policy changes.
  • Retail sales data showed signs of a slowing economy, adding to the case for potential rate cuts.
Hero image