Prices for all items in April are projected to show a 0.4% gain on the month, the same as in March, though the annual rate is expected to edge lower to 3.4%.
Inflation trends may have gotten a little less dreary in April, though they are still likely to keep the Federal Reserve uncomfortable enough to stay on pause with interest rates., a broad measure of the cost of goods and services in the marketplace, is expected to show another increase for the month, though the annual inflation rate is projected to come down slightly, according to Dow Jones consensus forecasts.
in April, nearly double the expectation to kick off the second quarter on a sour note. The index, a proxy for wholesale prices, accelerated 2.2% on an annual basis, the highest reading in a year. "The slower it comes down, the longer the path towards the Fed's inflation target," said Erica Groshen, senior economist at Cornell's School of Industrial and Labor Relations and a former senior official with both the BLS and New York Fed."We're not seeing any big shifts in the housing market that would make me think it's just now going to act differently. Demographics are slow to change.
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