April Inflation Report Cinches Fed’s Half-Point Rate Rise Path

Another strong inflation news in April is likely to put pressure on the Federal Reserve to continue raising interest rates with half a percentage point hike at the next two central bank policy meetings, and possibly could be further away.

The rapid pace of US inflation continued to be strong last month, making the Fed uneasy even though the annual growth rate has slowed. The monthly consumer price index rose 0.3 percent seasonally adjusted in April, according to a Labor Department report on Wednesday. Inflation rose 8.3 percent from a year earlier, down. compared with an annual increase of 8.5% in March.

https://www.wsj.com/articles/april-inflation-report-cinches-feds-half-point-rate-rise-path-11652278615?mod=pls_whats_news_us_business_f April Inflation Report Cinches Fed’s Half-Point Rate Rise Path

Edmund DeMarche

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