Fed's Mouthpiece: Inflation Continues to Decline Slowly, Aligning with Last Year's Fed Forecast
Federal Reserve mouthpiece Nick Timiraos stated that after a brief firmness at the beginning of the year, the inflation rate has generally continued to decline slowly, in line with the Fed's forecast last year. Core services (excluding housing) prices remained stable in April. Housing prices rose by 0.35% in April. Core goods prices increased by 0.27% in April after a 0.27% decline in March. If it weren't for the widespread threat of tariffs hindering this improvement, this report would have been applauded at the Martin Building (Federal Reserve headquarters).
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