Inflation expected to tick down in April as Fed officials weigh rate cuts

On Wednesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: April's Consumer Price Index .

"The good news is that gasoline prices have fallen in May as geopolitical risks to higher oil prices have eased for the time being. Therefore, further increase in the near-term could be more challenged," the economists said.On a "core" basis, which strips out the more volatile costs of food and gas, prices in April are expected to have risen 3.6% over last year — a slowdown from the 3.8% annual increase seen in March, according to Bloomberg data.

In March, the BLS noted sharp upticks in core services like motor vehicle insurance, along with motor vehicle maintenance and repair. The indexes jumped 2.6% and 1.6%, respectively, after rising just 0.9% and 0.4% in February."We expect motor vehicle insurance and maintenance prices to increase at a slower pace in April after both categories saw a surge in prices in March," said Bank of America's Juneau and Gapen.

As of Tuesday, markets were pricing in a roughly 49% chance the Federal Reserve begins to cut rates at its September meeting,This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.The TFSA can help every Canadian become a wealthy retiree. Here are a few stocks that can help you make the most of the TFSA.

Headline Inflation Morgan Stanley Motor Vehicle Insurance Health Insurance Prices Expected Core Inflation Oil Prices Inflation Report Maintenance Prices Gasoline Prices Deceleration

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