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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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Powell: We are closely following the tension between hard data and soft data.
Jin10 data April 4th news, The Federal Reserve Chairman Powell gave a speech on the economic outlook, stating that after several years of steady growth, many forecasters expect the growth in the United States to slow down this year. Respondents in the survey pointed out the impact of new U.S. federal government policies, particularly those related to trade. We are closely following this tension between hard data and soft data. As new policies and their potential economic impacts become clearer, we will better understand their effects on the economy and monetary policy.