Reported about 7 hours ago
In April, U.S. consumer prices experienced a moderate rebound, with the consumer price index (CPI) rising by 0.2% after a slight decrease in March. Although inflation is expected to increase in the coming months due to tariffs affecting imported goods, economists anticipate a less severe rise in inflation than previously expected. The recent trade tensions between the U.S. and China have led to a temporary reduction in tariffs, which may help the economy avoid a recession, despite ongoing sluggish growth.
Source: YAHOO