US inflation data lifts global equities; dollar falls

The Fed has embarked on what seems to be the right course and unless there's any real movements in terms of trade war ending by June, it looks like a June rate cut remains in question,

Cardillo said

The report basically indicates that the Fed needs to be very cautious and that the stand that they have taken is probably the right course, for now,

said Peter Cardillo, chief market economist at Spartan Capital in New York

When all is said and done, tariffs will still be dramatically higher and will weigh on US growth,

said Christopher Hodge, chief US economist at Natixis

Even if new deals are announced, they are likely to involve complex conditions and protracted implementation timelines, making a full rollback of tariffs to pre-conflict levels unlikely,

the bank said in a Tuesday note

Today's inflation data is highly anticipated, as higher figures could further diminish the outlook for additional rate cuts — potentially leading to no cuts at all by 2025,

said Jochen Stanzl, chief market analyst at CMC Markets

News flow around trade deals has increased, stress measures have moderated from recent extremes, the dollar has weakened, and portfolio flows show tentative signs of re-risking,

Goldman Sachs said in a note

The real win here was the shift in tone from both the US and China. Words like 'mutual respect' and 'dignity' mark a sharp departure from the recent confrontational rhetoric, and that’s what markets are cheering,

said Charu Chanana, chief investment strategist at Saxo in Singapore

These may not move in a straight line. Things could easily turn out a bit bumpier in future trade negotiations."

The HSBC strategists added

Clearly, US-China trade talks have yielded much faster success than many had expected,

strategists at HSBC wrote in a note

Should we be treated to another set of soft CPI figures, it could allow traders to refocus on Fed policy and the potential for cuts, and take some steam out of the dollar's rebound,

said Matt Simpson, senior market analyst at City Index

A de-escalation was inevitable and I think it’s clear there won’t be much durable that comes out of these talks,

said Christopher Hodge, chief U.S. economist at Natixis

I have clients with thousands of containers pre-loaded in China that is ready to come in,

said Paul Brashier, vice president of global supply chain at ITS Logistics

Our costs will go up closer to 40%,

said Muskat

Without a deal with China, it was starting to eat away at the ability for companies to give guidance for the next quarter. And that's the biggest thing weighing on the market now,

Tuchman said

What I would like to say is be selective, mindful of the fact that this trade policy uncertainty will still linger for some time, and therefore look for companies that are quite insulated from these pressures,

eToro global markets analyst Lale Akoner said

It's the deal we've been waiting for. So the market is responding accordingly,

said Peter Tuchman, senior equity floor broker with TradeMas Inc

Markets are all about expectations,

Truist co-CIO Keith Lerner said

We will be digging into the data to see if [March's] slower pace continued or if reports of higher costs for some businesses, which have been reported in recent survey data, have translated to higher prices for consumers,

said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management

It's going to take some time to get more clarity,

said John Praveen, managing director co-chief investment officer at Paleo Leon in New Jersey

This is a textbook recovery after the market's waterfall declines,

said Gina Bolvin, the president of Bolvin Wealth Management Group in Boston