What does the April inflation report mean for The Federal Reserve (FED)?

Jin10 data reported on May 13, "The Federal Reserve's mouthpiece" Nick Timiraos: The Federal Reserve will have no reason to change its wait-and-see stance due to the inflation data from April. These figures largely align with the expectations of those closely tracking the Labor Department's measures of inflation. If it weren't for the widespread increase in tariffs in April, the inflation data might have led the Federal Reserve to expect a return to rate cuts soon. However, potential rising costs in the coming months may keep the Federal Reserve on hold until it can better assess whether the price increases are temporary.

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