Wednesday, May 15, 2024

Inflation Eased in April—for the First Time This Year (Newser Breaking News)

Newser Newsletter
May 15, 2024
 
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Inflation Eased in April—for the First Time This Year
Consumer inflation in the US cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve but not bringing things to a level that would indicate a rate cut is nigh, reports the AP. Prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4% the previous month. Keep reading
 
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