In April, the inflation rate unexpectedly decreased to 2.3%, its lowest year-over-year increase since 2021. This decline indicates progress towards the Federal Reserve's 2% target, as inflation has now cooled for three consecutive months. Citing uncertainty regarding the effects of tariffs, the Federal Open Market Committee decided to keep interest rates steady. Experts predict that the repercussions of recent trade policies, particularly those initiated by Trump, will become evident in upcoming months. Discussions with other countries, including the UK and China, further complicate the economic landscape.
The inflation rate unexpectedly cooled in April to 2.3% from March's 2.4% year over year, marking the smallest increase since 2021.
The Fed held interest rates steady in May, partly due to uncertainty around tariffs' effects, as inflation showed signs of cooling for three consecutive months.
Collection
[
|
...
]