US CPI Report Takes a Dive in April, Fed on the Brink of Major Decision

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The latest April CPI inflation data for the US indicate a decline in the inflation rate to 4.9%, which is below the anticipated 5.0%. This noteworthy decline marks the 10th consecutive monthly drop in the US inflation rate. These figures suggest that the Federal Reserve (Fed) might be nearing a potential shift in its monetary policy. It’s important to note that the Fed remains committed to its target of 2.0% inflation and has stated that they do not intend to raise it. This could potentially indicate a forthcoming pause rather than a significant policy shift. The upcoming months of data will be crucial in assessing the trajectory and determining the next steps for the Fed.