ANALYSIS: Is the Fed’s Inflation Fight Yielding Results?

ANALYSIS: Is the Fed’s Inflation Fight Yielding Results?
A supermarket in New York on Dec. 14, 2022. Yuki Iwamura/AFP via Getty Images
Andrew Moran
Updated:
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All eyes this week will be on the April inflation report. Will it continue its downward trend, or will the consumer price index (CPI) continue to be stubborn and sticky?

The Federal Reserve Bank of Cleveland’s Inflation Nowcasting is penciling in an annual inflation rate of 5.2 percent, which would be up from 5 percent in March. The core inflation rate, which strips the volatile food and energy components, is expected to rise back to 5.6 percent.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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