🚨👀U.S. Inflation Moderated in April📉📉🇺🇲
💰 Meanwhile, the latest data showed that consumer prices in the U.S. increased by 0.2% in April, bringing the annual inflation rate to 2.3%, slightly below expectations and lower than March's 2.4%.
💰 Core inflation remained steady at 2.8%, highlighting persistent underlying price pressures.
💰 Although recent data shows some moderation, uncertainty looms as new tariffs take effect and trade policy remains volatile. Companies expect inflation to rise to 3.9% over the next year, according to a survey by the Cleveland Fed.
💰 The rise in inflation could complicate the path forward for the Federal Reserve. With rates already high to contain price growth, any renewed pressure could delay expected rate cuts and keep borrowing costs elevated.
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