The U.S. published an adjusted annual CPI rate of 2.3% in April, the lowest since February 2021
The U.S. Bureau of Labor Statistics has announced that the adjusted annual CPI rate in April was 2.3%, the lowest level since February 2021 and below market expectations of 2.4%. The unadjusted annual core CPI rate in April was 2.8% and remained at the lowest level since March 2021.
The Federal Reserve Chair argued that tariffs could be inflationary, as tariff agreements between the U.S. and China are ongoing at reduced rates, while negotiations with other countries are also underway. Barclays and Goldman Sachs predicted that the Fed would cut rates in July after a stronger-than-expected employment report on Friday.
The annual inflation rate in the U.S. falls to 2.3% in April
Inflation in the U.S. cooled slightly in April, suggesting that tariffs have not yet reached consumer prices, or are not pushing inflation upward.
The overall CPI stood at 2.3%, down from 2.4% in March and the lowest level since February 2021. It was also below expectations (the consensus was…
