The March Consumer Price Index showed U.S. annual inflation hit a low not seen since May 2021. Joseph Trevisani, a senior market analyst at FXStreet, tells NTD three factors contributed to this. Those are reduced government spending, less liquidity injected into the economy by the Federal Reserve, and supply issues easing.
Trevisani also says the Fed is expecting a weak recession but is surprised to find that its raising interest rates to cool inflation has not led to as much of an economic slowdown.
