The Fed’s preferred indicator shows that inflation rose 4.9% in April, signaling that price increases could be slowing.
People shop at a supermarket in Washington, DC, on May 26, 2022, as Americans prepare for the shock of summer stickers as inflation continues to rise. Nicholas Kamm | AFP | Getty Images The Federal Reserve’s preferred inflation indicator rose 4.9% in April from a year ago, a level that is still high, however, indicating …