On Wednesday, US stock indexes began trading with a significant drop due to data on rising inflation in the United States. The Ministry of Labor of the country noted that the consumer price index (CPI) increased by 3.5% in March compared to the same period of the previous year, exceeding the February growth of 3.2%. Taking into account high inflation, the strong development of the American economy and a stable labor market, experts suggest that the likelihood of an early easing of the monetary policy of the Federal Reserve System is decreasing. According to market participants, the probability of a rate cut by 25 bps by July is now 47.8%. Yesterday, the estimate was 74.9%. The latest data put pressure on the US stock market. The Dow Jones Industrial Average fell 1.34% to reach 38,364.48 points. All 30 companies included in the index were trading in the red. Shares of Goldman Sachs Group and Home Depot Inc. showed the largest declines, falling by 2.8% and 2.5%, respectively. The Standard & Poor's 500 index fell 1.21% to 5,147 points, while the Nasdaq Composite index lost 1.2%, falling to 1,6111.06 points.
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