Real Vision: Finance & Investing US Inflation Cools, China Tariff Truce, and UK Jobs Data: PALvatar Market Recap, May 13 2025
May 13, 2025
Discover the latest insights on U.S. inflation as it inches closer to the Fed’s target, prompting a market rally led by tech stocks. A temporary truce in U.S.-China tariffs adds momentum to the market. Meanwhile, rising unemployment in the UK signals potential rate cuts from the Bank of England. Tune in for a concise analysis that keeps traders and investors ahead of the curve.
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US Inflation Nears Fed Target
- US inflation data shows a softer increase than expected, with CPI moving closer to the Fed's 2% target.
- This cooling inflation prompted a market rally led by tech stocks and major US indices advancing.
US-China Tariff Truce Boosts Markets
- A temporary tariff truce between the US and China boosted Asian markets, especially Japan's Nikkei.
- This development contributed to a strong Wall Street session with notable gains for the S&P 500 and Nasdaq.
UK Jobs Data Signals Rate Cuts
- UK labour statistics reveal rising unemployment and slowing wage growth, with unemployment hitting its highest since August last year.
- This is fueling speculation that the Bank of England will continue cutting interest rates.