The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from March, according to Bureau of Labor Statistics data out Tuesday. Compared with April of last year, the core CPI rose 2.8%, unchanged from the prior month. The overall CPI advanced 0.2%, and climbed 2.3% on an annual basis.

S&P500 and Dow slip as Walmart warns of price hikes from tariffs. Weak producer inflation data and mixed retail sales cloud US stock market forecast today.

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.

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.

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.

Our survey shows economists expect slower growth and see a recession as more likely. They were pessimistic a year ago, too, and were wrong.

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 International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising trade tensions would further slow growth.

US inflation came in softer than forecast for a third straight month in April with the consumer price index increasing 0.2% from March. The core CPI rose 2.8%, compared with April of last year, unchanged from the prior month.