Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

Source · https://www.cnbc.com/2026/05/28/core-inflation-hit-an-annual-rate-of-3point3percent-in-april-as-expected-feds-preferred-gauge-shows-.html

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Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

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The Federal Reserve is likely to remain on the sidelines regarding rate cuts as inflation continues to impact consumer wallets. — Higher-for-longer interest rates generally pressure equity valuations and increase borrowing costs for companies.

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Revised Q1 GDP growth slowed to an annualized rate of 1.6%, missing the initial 2% estimate and consensus forecasts. — Lower than expected economic growth signals weakening demand and potentially slows corporate earnings growth.

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Housing prices saw a 0.5% monthly increase in April, the largest gain since at least January 2025. — Persistent strength in shelter costs makes it more difficult for the Fed to reach its inflation targets.

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Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

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Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

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