Gas Prices Push US Annual Inflation Rate to 3.8 Percent—Highest Since May 2023; Trump to Depart for China

The U.S. annual inflation rate rose to 3.8 percent in April, according to new Bureau of Labor Statistics data. Economists had forecast a reading of 3.7 percent. Core inflation, which strips out the volatile energy and food prices, edged up to 2.8 percent, above the consensus estimate of 2.7 percent. President Donald Trump is se...