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US April inflation tapers to 2.3%; but rate outlook unclear
Food inflation in April tapered by 20 bps to 2.8%. Downward pressure came from cereals, meat, and dairy products; offset by a spike in non-alcoholic beverages. Energy inflation in Mar-25 weakened by 40 bps to -3.7%. Downward pressure again came from fuel and gasoline; offset by a spike in electricity and piped gas.
The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor ...
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U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of ...
Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
The US Fed decided to keep the key benchmark interest rates unchanged at the range of 4.25% to 4.5% on Wednesday, May 7.
Trump’s tariff policies have distorted US economic data and triggered selling pressure in the US Dollar Index, which has ...
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