The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing
The Fed's preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could be easing a bit.
Did notice that diesel prices fell below $5/gallon for her first time in a while.
Although the driver for this is fairly concerning: “The data showed that consumers continued to spend but were tapping into their savings to do so.”
