years inflation is finally below 5% p the price of everyday goods rose by 4.9% in april. that beat analysts expectations. the last time that it was that low was actually in april of 2021. the big question is has this streak gone on long enough for the fed to stop hiking interest rates? cnn s matt egan joins us now to break it all down. matt, what are the big takeaways from today s report? well, brianna, inflation last year was kind of like a wildfire that just consumed the economy. that fire hasn t been put out, but every month it does increasingly look like it has been contained. we now have ten straight months of cooling inflation. you can see on that chart there there was this big spike in 2021-2022 that has come down. although we should note the slowdown has sort of leveled out. you can kind of see that on the right side of the chart. also at 4.9% this is still more than twice what the fed is
EMEA Morning Briefing: Shares Could Slip Into Red on Fading Hopes of Rate Cuts
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Indian Morning Briefing: Asian Shares Fall on More Aggressive Fed Worries
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
North American Morning Briefing: Stock Futures -2-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.