U.S. Inflation Climbs to 3.8% as Markets Weigh Rising Rate Risks
U.S. inflation accelerated to 3.8% in April, exceeding forecasts and fueling concerns that the Federal Reserve may delay or reverse expected rate cuts.
Follow the latest data and trends on inflation, producer prices and consumer costs around the world. This section explains what CPI and PPI figures mean for households, businesses and policymakers. We provide clear updates and analysis to show how price pressures influence interest rates, wages and economic growth, giving readers a straightforward view of one of the economy’s most important indicators.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation...