đ đđ„ đŻI have some early news ahead of the CPI report.đŻđ„đ
 đ„ đ„đ„đThank me later. đ„đ
đ CPI Insights: The latest consumer price data is in, and itâs a mixed bag! Hereâs what you need to know:
đHeadline Inflation:
Over the prior month, consumer prices have risen by 0.3%, slightly down from Februaryâs 0.4% increase.
The core prices (excluding food and gas) have also climbed by 0.3% in March, compared to the 0.4% increase seen previously.
đFedâs Confidence:
Economists are cautiously optimistic. If their forecast holds true, it could provide some confidence to the Federal Reserve (Fed).
Goldman Sachs lead economist Jan Hatzius expects monthly core CPI inflation to slow to 0.20-0.25% going forward.
đ„Â Inflation Landscape:
Inflation has remained above the Fedâs 2% target on an annual basis.
The Fed officials acknowledge the path to 2% as âbumpy.â
Core PCE Index:
The Fedâs preferred inflation gauge, the core PCE price index, has shown a slight cooling.
The year-over-year change in core PCE slowed to 2.8% for February, down from 2.9% in January.
đ€Market Expectations:
Brace yourselves for todayâs Fed press conference. A dovish tone is likely, given the inflation context.
Decreasing inflation, especially with rising gas prices, is a positive sign for now.
However, the chances of an expected rate cut in June are diminishing unless the decrease accelerates.
đ°Market Outlook:
đą Green Day Ahead: Expect a mainly green day in the market, with a small 1-2% gain.
Keep an eye on crypto markets! Inflation data often influences investor sentiment, and Bitcoinâs resilience could be tested.
Remember, this is not financial advice, but staying informed is key! Letâs see how the market reacts to todayâs developments. đŻđ°#BullorBear #TradeNTell #Nonfarm #Memecoins $BTC $ETH $BNB
