PolitMaster.com is a comprehensive online platform providing insightful coverage of the political arena: International Relations, Domestic Policies, Economic Developments, Electoral Processes, and Legislative Updates. With expert analysis, live updates, and in-depth features, we bring you closer to the heart of politics. Exclusive interviews, up-to-date photos, and video content, alongside breaking news, keep you informed around the clock. Stay engaged with the world of politics 24/7.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Latest US inflation report may provide clues to future path of prices and interest rates

WASHINGTON (AP) — It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soon?

On Wednesday, the government will issue the latest monthly inflation report, a set of figures that will be scrutinized by economists, Wall Street traders and Federal Reserve officials for any insight into that question. Analysts estimate that year-over-year inflation dipped from 3.5% in March to 3.4% in April, according to a survey by data provider FactSet. Measured from March to April, consumer prices are expected to have risen 0.4%, the same as the previous month.

Core inflation, which excludes volatile food and energy costs, may show that some relief is in sight: It is forecast to slow to 3.6%, which would be the lowest level in three years, from 3.8% in March. Month over month, core prices are believed to have risen 0.3%, down from the previous 0.4%. The Fed closely tracks core prices, which tend to provide a better read of where inflation is headed.

Whether inflation continues its decline will likely have a significant effect on this year’s presidential race. Republican critics of President Joe Biden have sought to pin the blame for high prices on the president and to use it to try to derail his re-election bid. While hiring remains robust and wage growth, on average, healthy, prices remain generally well above where they stood before the pandemic.

<bsp-list-loadmore data-module="" class=«PageListStandardB» data-gtm-region=«READ MORE» data-gtm-topic=«No Value» data-show-loadmore=«true» data-gtm-modulestyle=«List B»> <bsp-custom-headline custom-headline=«div»> READ MORE </bsp-custom-headline> <bsp-custom-headline
Read more on apnews.com