Consumer prices (ICC) in the United States have recovered less than expected in April, show data from the Labor Department published on Tuesday. The IPC index released 0.2% in April for a month, while questioned economists waited for a 0.3% rebound after a contraction of 0.1% in March.
For a year, the increase in the CPI index is 2.3% in April, a lower pace than expected by consensus (+2.4%), after an increase of 2.4% in March. By excluding volatile elements, such as food and energy, the underlying consumer price index (“central ICC”) accelerated to +0.2% in April for a month, against a consensus at +0.3%, after +0.1% in March. In the annual rate, the central ICC emerged in +2.8%, as planned by consensus and in March.
Towards a recovery of the fall in the Fed guide rates before September
After the publication of this statistic, in Wall Street, the term contracts reduced its losses, now with an expected drop in the opening of 0.28% for Dow Jones, an increase of 0.13% for the Standard & Poor’s 500 and an increase of 0.33% for the NASDAQ. The dollar accentuated its fall, which now yields 0.31% in front of a reference currencies basket. The performance of the treasure bonds at ten years is shown in 4,4413%, with a withdrawal of 1.6 base points, and the two -year, more sensitive, leaves 2.3 base points, at 3,9771%.
Merchants now estimate that the American Federal Reserve (FED) is expected to resort to their guiding rates before September, another decrease in October is expected, while the level of federal funds has not changed since December 2024. The Fed decided last week to maintain its guiding fees in a range of 4.25% to 4.50%.
Source: BFM TV
