Inflation Might Be Easing But Tech Outlook Still Choppy, Analysts Warn

According to data released Thursday by the Bureau of Labor Statistics, the annual inflation rate fell to 2.4% in March, the lowest level in six months, down from 2.8% in February and below economist expectations of 2.6%.

On a monthly basis, the Consumer Price Index contracted by 0.1%, slowing from the 0.2% increase seen the previous month and below expectations of a 0.1% increase.

It marks the lowest monthly inflation reading since May 2020.

Wedbush analyst writes that the tariff disaster Trump triggered last week has been weighing heavily on the stock market, creating uncertainty and dragging down prices.

Also Read: Novartis Commits $23 Billion To Expand US Manufacturing Over Five Years, Despite Tariffs Uncertainties

Until now, it’s mostly been a Wall Street issue—but that’s about to shift. With ...

https://www.benzinga.com/25/04/44772840/analysts-warn-of-choppy-tech-outlook-despite-inflation-relief