Inflation could rise this summer as tariffs are reflected in the data, forecasters say. The US tariff rate is high even after the latest deal with China.

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.

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.

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

US consumer prices are expected to have increased in April, with economists anticipating a more pronounced impact from higher tariffs over time. This has led to growing consumer apprehension about inflation and the economy.

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.

The company now expects second-quarter net revenues in the range of $80 million to $85 million, compared with analysts' average estimate of $93.5 million, according to data compiled by LSEG. Beyond Meat had earlier forecast annual net revenue of $320 million to $335 million.

Ethereum (ETH) saw a quick rebound on Tuesday, rising 9% following a soft April Consumer Price Index (CPI) reading in the United States (US). The top altcoin bounced off the $2,400 level and stretched its weekly gains to 50% as it continues to see sustained demand, with more analysts predicting a rotation from BTC toward ETH.

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

Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support.