Federal Reserve: US inflation shows signs of moderating, giving Federal Reserve room to pause – Times of India

[ad_1] WASHINGTON: US inflation showed signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases soon.The consumer price index rose by 4.9% from a year earlier, the first sub-5% reading in two years, a Bureau of Labor Statistics report showed Wednesday. Excluding food and energy, the so-called core consumer price index … Read more