Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. Overall consumer prices increased 2.

Inflation was relatively mild in April, but economists said tariffs will end a recent lull and push up more prices in the coming months. The consumer-price index rose a seasonally adjusted 0.2% in April,

President Trump repeated his call for the Federal Reserve to cut interest rates after April's inflation report was cooler than expected.