Prices Rise 3.4 Percent in April, an Improvement From March, as Inflation Lingers Far Above Fed’s Target
Elevated inflation readings are dimming hopes that the worst bout of inflation in four decades is being rapidly tamed.
WASHINGTON — Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Biden’s re-election team.
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