U.S. Annual Inflation Rate Falls to 2.3% in April, Lowest Since February 2021
The U.S. Bureau of Labor Statistics reported a 2.3% adjusted CPI annual rate for April, marking the lowest figure since February 2021 and slightly below market expectations of 2.4%. Core CPI remained steady at 2.8%, its lowest since March 2021.
Federal Reserve Chair noted potential inflationary pressures from ongoing tariff negotiations, including reduced U.S.-China rates. Barclays and Goldman Sachs anticipate a Fed rate cut in July following a robust jobs report.
Cooling inflation suggests tariffs have yet to significantly impact consumer prices. Market watchers await further Fed signals as macroeconomic conditions evolve.