US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets from index website bing Watch Video

⏲ Duration: 0:55
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✓ Published: 15-May-2024

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U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.