💨 Abstract

In May 2025, a U.S. inflation report revealed that consumer prices rose by 2.1% in April, the lowest since September , with core prices at 2.5%. The report indicates that inflation remains lower than its 2022 peak. The Federal Reserve is closely monitoring the impact of President Trump's tariffs, which have been largely struck down in court, complicating future inflation and job forecasts.

Courtesy: WTOP Staff