Annual inflation rate hit 2.3% in April
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Core inflation remained more or less unchanged last month, a setback for anyone hoping the Federal Reserve will move quickly to lower interest rates. Cuts are even less likely in the near term because the latest trade negotiations with China should reduce the threat of a U.
Inflation is getting closer to the Federal Reserve's 2% target.
U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.
Investors were bracing for a clear sign of tariff-related pricing pressure in the April consumer inflation report, but consumer prices remained tame in Tuesdays
The annual inflation rate ticked down in April as the impact of Trump’s new ... s dramatic reshaping of US trade policy. Core inflation, which excludes volatile food and energy prices, was ...