US annual inflation slows to below 5%, price pressures still strong

WASHINGTON  – The annual increase in U.S. consumer prices slowed to below 5 percent in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month. Nevertheless, inflation remains too strong, with … Continue reading US annual inflation slows to below 5%, price pressures still strong