Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.

Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.

Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts

Investors are betting that the Federal Reserve is likely to keep interest rates on hold in the near term following another inflation reading that didn’t make things any easier for the central bank.

The pause in U.S.-China tariffs fueled a Monday stock rally. April's Consumer Price Index report was released at 8:30 a.m. ET, showing inflation slowed last month. Follow along for live updates on the Dow,

The markets are showing little direction or conviction despite better-than-expected inflation data and the recent trade agreement between the U.S. and Beijing. Stocks are stalling even as the U.S. economy further distances itself from a recession.

Romanian inflation remained unchanged last month as the gravest political crisis since the collapse of communism pushed the leu to a record low which will likely intensify price pressure and complicate the central bank’s wait-and-see approach to monetary policy in the coming month.

Tariffs hadn't raised the cost of living as of March, according to Wednesday's report on the Federal Reserve's preferred measure of inflation.

"The decline was largely driven by consumers' expectations. The three expectation components—business conditions, employment prospects, and future income—all deteriorated sharply, reflecting pervasive pessimism about the future,” said Stephanie Guichard, senior economist, Global Indicators at The Conference Board.

Following the sharp deceleration in the consumer price index, analysts are turning more optimistic on the inflation outlook and see more room for the Bangko Sentral ng Pilipinas (BSP) to start cutting interest rates,