Progress in US inflation fight 'has likely resumed': Fed official
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Fed governor Christopher Waller stated that progress against inflation 'likely resumed' last month. Consumer inflation ticked lower in April, providing Fed policymakers with some good news following an uptick in the first quarter. Waller believes that further increases in the policy rate are probably unnecessary. His more positive tone will likely be welcomed by the financial markets. However, he also mentioned that he needs to see several more months of good inflation data before supporting an easing in the stance of monetary policy.

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https://www.legit.ng/business-economy/economy/1593465-progress-inflation-fight-resumed-fed-official/