April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
Headline inflation cooled in April, but not enough to give the Federal Reserve much comfort.
The labor market does not provide much of an offsetting argument. April payrolls rose 115,000, and the unemployment rate held steady at 4.3 percent.
Energy clearly mattered for headline inflation, but the acceleration in core prices, the pickup in shelter, and the breadth of monthly gains suggest price pressures are not confined to oil or tariffs.
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By Bryan Cutsinger
April inflation data suggest price pressures are becoming broader and more persistent, reinforcing the Federal Reserve’s cautious stance on interest rates.
Headline inflation cooled in April, but not enough to give the Federal
