US Inflation Slows to Lowest Level Since February 2021
By Andrew Moran
The U.S. annual inflation rate eased to its lowest level in more than four years, even as President Donald Trump’s tariffs started stretching throughout the U.S. economy.
According to the Bureau of Labor Statistics (BLS), the annual inflation rate declined to 2.3 percent in April, from 2.4 percent in March. This represented the third consecutive monthly slowdown.
This came in below economists’ expectations of 2.4 percent.
On a monthly basis, the consumer price index (CPI) rose by 0.2 percent.
Core inflation, which removes the volatile energy and food components, was unchanged at 2.8 percent.
The core CPI was in line with the consensus forecast.
More Stories
491 Fugitives Hiding in Public Housing Arrested in Nationwide Sweep
By Naveen Athrappully A multi-month law enforcement operation has led to the arrests of 491 criminal fugitives living in government-assisted...
Trump Doubles Down on $5,000 Payments Tied to Midterm Results
By Jack Phillips President Donald Trump on Monday released a new advertisement that doubled down on his promise to send...
Zelenskyy Says Strikes on Russian Refineries Will Continue If Putin Rejects Energy Ceasefire
By Owen Evans Ukraine will continue its long-range strikes against Russia if Moscow doesn’t accept an energy truce, President Volodymyr...
Federal Agents Search Rep. Ilhan Omar’s Home: What We Know
By Jack Phillips The Washington home of Rep. Ilhan Omar (D-Minn.) was searched on Monday by federal agents as part...
Federal Agents Search Rep. Ilhan Omar’s Home: AP Report
By Zachary Stieber Federal agents on Oct. 12 searched the home of Rep. Ilhan Omar (D-Minn.) as part of a...
30-Year Fixed-Rate Mortgage Rate Hits 7.4 percent
By Naveen Athrappully The average weekly rate on a 30-year fixed-rate mortgage hit 7.4 percent, according to a Oct. 8...