The inflation of the United States slowed down more than expected in March, according to the first month of consumer prices data to take into account the impact of the tariff sweeps of President Trump.
The consumer price index increased 2.4% in the last 12 months to March, below the expectations of an increase of 2.6% and below the 2.8% figure last month, the office of labor statistics said Thursday.
The central ICC, which excludes volatile food and energy prices, reached 2.8%, also below a 3% jump projections and a 3.1% figure in February, according to government data.
Futures linked to the Dow Jones industrial average, S&P 500 and Nasdaq 100 fell 1%, 1.3%and 1.7%, respectively, shortly after the release of the report, after making mass progress on Wednesday with the Dow Soing almost a day after Trump’s tariffs.
The pause was a welcome postponement for Wall Street, since panic investors had led a mass sale of one week of liquidation, since they worried that taxes could reheat inflation and match a recession, with the Dow losing almost 5,000 points.
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