DXY extends Tuesday’s CPI-driven slide, falling to 100.58. Weaker inflation data fuels Fed rate cut bets and adds pressure to the U.S. dollar.

Consumer prices rose 2.3 per cent in April from a year ago, down from 2.4 per cent in March and the smallest increase in more than four years.

Economists at Goldman Sachs Group Inc. boosted their forecasts for US inflation this year and next, in part to account for a weaker dollar following the Trump administration’s tariff announcements.

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.

US economic outlook improves, inflation forecasts drop and recession odds fall after US-China trade deal to reduce the highest tariffs for 90 days.

The second term for President Trump has been punctuated by tariff uncertainty, but could his recent de-escalation from a brewing trade war with China reset market expectations in the United States?

US consumer prices probably picked up in April after the smallest advance in nine months, foreshadowing a broader acceleration as many companies seek to pass on higher tariffs.

The Pound US Dollar ( GBP/USD) exchange rate traded in a narrow range on Wednesday following US President Donald Trump’s latest attack on Federal Reserve monetary policy. At the time of writing GBP/USD was trading at around $1.3318. Virtually unchanged from Wednesday’s opening levels.

S&P Global has downgraded GDP forecasts across most regions and raised its US inflation outlook, citing growing downside risks and heightened uncertainty. While a US recession is not currently projected,

XRP price outlook brightens as Ripple’s Monica Long forecasts surging adoption amid shifting US crypto sentiment.