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April Inflation Report Cinches Fed’s Half-Point Rate Rise Path
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Another strong inflation reading in April is likely to keep pressure on the Federal Reserve to continue raising rates in half-percentage-point increments at the central bank’s next two policy meetings and possibly beyond that.
The rapid pace of U.S. inflation stayed strong last month, offering little reassurance to the Fed even though the year-over-year rate of growth slowed. On a monthly basis, the consumer price index rose a seasonally adjusted 0.3% in April, according to a Labor Department report on Wednesday. Inflation rose 8.3% from a year earlier, down from the annual increase of 8.5% in March.
Read more on wsj.comAbout this in other media
Fed’s Patrick Harker Supports Half-Point Rate Rises in June and July wsj.com /2 years ago
Producer Price Gains Edged Downward in April but Remain Elevated wsj.com /2 years ago
Stock futures rise slightly following hot inflation report cnbc.com /2 years ago
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