April inflation report confirms Fed’s half-point rate hike path

Another high inflation in April should keep the pressure on the Federal Reserve to keep raising rates in half-percentage-point increments at the next two central bank policy meetings and possibly beyond. of the.

The rapid pace of US inflation remained strong last month, offering little comfort to the Fed, even as the year-over-year growth rate slowed. On a monthly basis, the consumer price index rose 0.3% seasonally adjusted in April, according to a Labor Department report released Wednesday. Inflation rose 8.3% from a year earlier, down from the annual increase of 8.5% in March.


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