Breaking: Inflation eased to 4.9% in April as the economy showed signs of cooling
ShareInflation is slowly easing, but it’s still far from the Federal Reserve’s 2% target. WSJ’s Nick Timiraos explains how 2% became the central bank’s sweet spot and what happens when the U.S. economy strays too far from it. Photo Illustration: Preston Jessee
A closely watched April inflation reading Wednesday could influence the Federal Reserve’s strategy over whether to pause its interest-rate increases. Inflation has cooled from its recent peak but remains stubbornly elevated. The Fed aggressively raised rates for more than a year to try to tame inflation by slowing economic activity, and indicated last week that it might be done lifting them for now.
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