Inflation cooled slightly in April and egg prices dropped to the lowest in months, but fears over the impact of President Donald Trump’s global trade tariffs remain.
Consumer prices have risen 2.3 percent in April compared with a year earlier, according to the Department of Labor. April’s consumer-price index report is the first to capture the aftermath of Trump’s ‘Liberation Day’ tariff announcements on April 2, causing the stock market to plummet, and the picture is unclear.
