This is a news story, published by CNBC, that relates primarily to Fed news.
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inflation targetCNBC
•86% Informative
Prices for all items in April are projected to show a 0.4% gain on the month , the same as in March .
The annual inflation rate is projected to edge lower to 3.4% , compared to the 3.5% reading in the previous month .
Wall Street will pore through the report looking for signs of how much longer the elevated inflation conditions will continue.
"So I think it will make the Fed more cautious about lowering rates. I don't think this would be enough for them to raise rates, but it probably will feed caution on their part.".
VR Score
94
Informative language
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