US inflation slowed in April, with consumer prices rising from March.

US inflation cooled slightly in April, easing to 3.4% from 3.5% in March, providing some relief for the Federal Reserve and President Joe Biden's re-election team. The Labor Department's report showed food prices remained flat, but rent prices rose slightly, with prices for cars also falling. Economists predict that the summer could bring some volatility as energy prices typically rise, which may impact inflation rates. The Fed has not yet announced when it will lower interest rates.

May 14, 2024
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