U.S. Inflation Rate Declines in April, Approaching Federal Reserve Target

According to Odaily, the U.S. Consumer Price Index (CPI) inflation rate decreased for the third consecutive month in April, reaching 2.3%, moving closer to the Federal Reserve's 2% target. However, economists at Barclays suggest that April's data might represent a temporary low. They anticipate that the May CPI report will reveal initial signs of price pressures related to tariffs. High-frequency data tracked by Barclays indicates potential price increases across a broad range of core goods categories, including clothing, home goods, new vehicles, and other products.