U.S. inflation stayed at 3.8% in April as gas and grocery costs lingered
April CPI and PCE both ran at 3.8% year over year, while gas prices and softer confidence kept pressure on U.S. household budgets in May.
Inflation
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U.S. inflation climbed in April as retail sales kept rising
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.
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U.S. productivity slows in Q1 as labor costs rise
New BLS data show slower productivity and higher labor costs in Q1, a fresh signal on inflation, business margins, and Fed caution.
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USTR tariff hearings could shape import costs and consumer prices
USTR hearings this week could lead to new trade actions on excess capacity, with possible ripple effects for prices and supply chains.
