US wholesale inflation remained fairly tame
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1don MSN
Don’t get used to the decline in the U.S. rate of inflation to a four-year low. Inflation will probably rise, at least temporarily, even after the Trump administration reduced high tariffs.
Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump's "Liberation Day" tariffs last month. The reading -- which marked the lowest inflation rate since 2021 -- matched economists' expectations.
Cooling inflation could shift gold prices — but other factors may have more of an impact right now. Here's why.
Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.
These are today's mortgage and refinance rates. If inflation goes up as a result of tariffs, mortgage rates may rise this year.