Federal Reserve's Closely Tracked Inflation Measure Rises in April

InflationMoney Matters
Written By Jennifer Joslyn

😧 Federal Reserve's Closely Tracked Inflation Measure Rises in April.

A key measure of US prices, closely monitored by the Federal Reserve, showed an increase in April, indicating persistent inflationary pressures in the economy. The index recorded a 0.4% rise from March to April, surpassing the 0.1% increase of the previous month. Consumer spending also rebounded, with a significant 0.8% jump, driven by purchases of new cars and other items. The data highlights the resilience of the US economy, although high inflation poses challenges for the Federal Reserve in determining interest rate decisions.

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Jennifer Joslyn
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