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    Rare 18th-century warship discovered at World Trade Center heads to museum

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    Bryan Kohberger joins infamous alleged killers who blamed alternate perpetrators

    Bryan Kohberger joins infamous alleged killers who blamed alternate perpetrators

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    Family of 12 contracts fungal infection histoplasmosis after Costa Rica bat cave tour

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    Tapper’s Biden decline book PR handled by Dem operative who worked for Biden

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    Individual shot outside CIA headquarters in Virginia: report

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    President Trump’s Election Executive Order: At Least One State is “Looking at a Paper Ballot Election” – Many More May Have to Follow | The Gateway Pundit

    Democrats’ Odds Of Retaking The Senate Increase After House GOP Passes Tax Cut Bill

    Democrats’ Odds Of Retaking The Senate Increase After House GOP Passes Tax Cut Bill

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    People danced in the streets of Damascus after Trump vowed to end all sanctions on Syria. His administration is unsure how best to proceed

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April Inflation Report Cinches Fed’s Half-Point Rate Rise Path

by Admin
May 11, 2022
in Business
April Inflation Report Cinches Fed’s Half-Point Rate Rise Path



Another strong inflation reading in April is likely to keep pressure on the Federal Reserve to continue raising rates in half-percentage-point increments at the central bank’s next two policy meetings and possibly beyond that.

The rapid pace of U.S. inflation stayed strong last month, offering little reassurance to the Fed even though the year-over-year rate of growth slowed. On a monthly basis, the consumer-price index rose a seasonally adjusted 0.3% in April, according to a Labor Department report on Wednesday. Inflation rose 8.3% from a year earlier, down from the annual increase of 8.5% in March.



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