US business activity cools in April; inflation measures mixed
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US business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply. S&P Global's flash US Composite PMI Output Index fell to 50.9 this month from 52.1 in March, reflecting weaker growth in both the manufacturing and services sectors. Employment fell for the first time since June 2020, with the reduction focused on services. The survey suggests that the US economy lost momentum at the beginning of Q2 compared to Q1. The Fed is expected to leave its policy rate unchanged at its next meeting.

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https://www.investing.com/news/economic-indicators/us-business-activity-cools-in-april-inflation-measures-mixed-3391117