In April, inflationary pressures showed signs of easing, with the Consumer Price Index (CPI) on a "core" basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations at 0.3%, down from 0.4% in the previous three months.
In April, inflationary pressures showed signs of easing, with the Consumer Price Index on a "core" basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations at 0.3%, down from 0.4% in the previous three months.
Despite the moderation in inflation, analysts suggest that the Federal Reserve is unlikely to rush into cutting interest rates. Bank of America Securities economist Stephen Juneau stated that while the April data is a positive step, it may not be sufficient to prompt significant action from the Fed just yet, as quoted on Yahoo Finance. Fed Chair Jerome Powell emphasized the need for sustained data before making any decisions regarding interest rates.
But then, retail sales in April remained unchanged, contrasting with a 0.6% increase in March and defying the 0.4% rise anticipated by ...