US Inflation Surges Above Expectation | US April CPI At 8.3% | Jan Lambregts
6On ET Now we are joined by Jan Lambregts, Global Head of Financial Markets Research at Rabobank to discuss the US inflation. Core CPI, which does not include food and energy prices, gained 6.2%, higher than consensus estimates of 6%. Equity markets have fallen dramatically since the last FOMC meeting and continue to be under pressure. The cryptocurrency markets, too, have been facing pressure, with bitcoin sliding below the $30,000-mark for the second time in a week. Following the global trend, India, too, continues to deal with an ever-growing inflation threat, with CPI for April expected to touch an 18-month high. Watch the entire video to know more about the recent development.
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