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one word "Breitbart"so much for recession.time to lower rates
rices barely climbed in April, pulling the annual rate of inflation down toward the Federal Reserve’s two percent target, even while personal income climbed at a rapid rate.![]()
Core Inflation Falls To Lowest Rate In Four Years
Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021. | Economywww.breitbart.com
The personal consumption price index climbed 0.1 percent in April, the second month in a row in which consumers got relief from inflation that had plagued the economy throughout the Biden administration. In March, the index showed prices were flat.
Compared with a year ago, prices are up just 2.1 percent. That just one-tenth above the two percent rate of inflation the Fed says it targets. In March, prices were up 2.3 percent from a year earlier.
Core prices, a measure that excludes food and energy, also rose 0.1 percent. Over the past year, core prices are up 2.5 percent, the smallest year-over-year increase since March of 2021.
Dont waste your time folks.