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consumer prices

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
May 13, 2025

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last

U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
May 7, 2025

Fed holds rates steady amid tariff-driven inflation risk

The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.

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