Reported 4 months ago
A closely tracked inflation gauge by the Federal Reserve showed a slight easing last month as a Commerce Department report indicated that core prices rose 0.2% from March to April, the mildest increase this year. The report also highlighted that overall inflation increased 0.3% from the previous month and 2.7% from a year earlier, showing signs of potential easing pressure. These figures could provide some reassurance for Fed officials, especially Chair Jerome Powell, in their efforts to combat inflation.
Source: YAHOO