US Economy: Consumer Price Data Shows Moderating Inflation and Decline in Retail Sales
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#5eb626c0 ver:1.19

US consumer inflation eased slightly in April, with the annual CPI at 3.4%, down from 3.5% in March. The report shows a slowdown in price increases, providing reassurance for the Federal Reserve. The data supports President Biden's messaging that the economy is turning a corner. However, critics, including former President Trump, blame Biden for rising prices. The drop in inflation raises expectations of a Fed rate cut, with a 73% probability of a September cut. The stock market surged in response to the report....

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