As Fed Readies Rate Rise, Inflation Slips Further From Goal
- Price pressures’ ebbing proves more persistent than Fed hoped
- Even some inflation hawks in market are taking notice
Fed's Bullard Doesn't Expect Another Taper Tantrum
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The worst of the price war in the U.S. mobile-phone market may be over. But the lurch down in inflation it helped trigger is not.
The Federal Reserve’s preferred price measure rose 1.7 percent in April from a year ago, down from 1.9 percent in March and 2.1 percent in February, Commerce Department figures showed Tuesday. Core inflation -- which strips out volatile oil and food costs -- also slowed to the weakest annual pace since 2015.