The Fed’s preferred measure of inflation rose 4.9% in April, a sign that rising prices may be slowing
People shop at a supermarket in Washington, DC on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to rise. Nicholas Kamm | AFP | Getty Images The Federal Reserve’s favorite gauge of inflation rose 4.9% in April from a year ago, a still high level that nevertheless indicates that price … Read more