U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food and energy items climbed 3.6% annually, the lowest increase since April 2021.
Investors saw positive signs in the report that the Federal Reserve’s inflation fight is gradually slowing down the U.S. economy. The yields on 10-year Treasurys, which fall as prices rise, ticked lower. Stock futures advanced, continuing their march higher in May.
That string of hot data upended projections from Washington to Wall Street that the Federal Reserve would quickly slash interest rates in the coming months. The fear is that keeping monetary policy tighter to reach the Fed’s 2% inflation goal could weaken job growth and risk a recession.
“We did not expect this to be a smooth road,” Fed Chair Jerome Powellsaid at a moderated discussion in Amsterdam on Tuesday. He added that the central bank will need to “be patient and let restrictive policy do its work.”
@ISIDEWITH2wks2W
Considering the trade-off between fighting inflation and potential job losses, which one would you prioritize and why?
@9MHHT372wks2W
I would prioritize inflation because when inflation improves, so will job opportunities.
@9MHB8QW2wks2W
I would pick fighting inflation, job loss is temporary but inflation is opermante
@9MHB4RV2wks2W
Potential job losses, because jobs can be regained, but inflation can get very dangerous very quickly.
@9MH9XJNIndependent2wks2W
This is an absolute lie. Inflation is killing everyones bank accounts and paychecks.
@PluckyGeldingPatriot2wks2W
"U.S. inflation eased in April ... the consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago"
They can't even get their phony-baloney, propaganda-fueled story straight!
Agree and it stems in my viewpoint from the feel good only post positive Facebook generation-stagflation is coming -history is repeating itself- let the crying begin when mortgage rates hit 17%- maybe then all the social media influencers will be out of a job-reality in poor economic times sucks unless you are prepared and don't buy into the fantasy lifestyle these influencers portray.
Be happy frogs, we turned the pot down to a slower boil....
@ISIDEWITH2wks2W
@ISIDEWITH2wks2W
@ISIDEWITH2wks2W
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