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.

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.

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.

In the 12 months through April, the CPI climbed 2.3 per cent, slightly lower than economists' forecast. Read more at straitstimes.com. Read more at straitstimes.com.

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

DAX gains as US-China tariff pause lifts sentiment; traders eye ZEW sentiment forecast and US CPI for direction. EU trade tensions may cap upside.

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.

US GDP stalls amid tariff concerns and policy uncertainty. Consumer spending holds up, but confidence and markets falter as Fed navigates tough choices.

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.

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.