The Federal Reserve has paused its rate hiking campaign for the time being as inflation slowed down in April from the previous month. Although the Fed’s preferred measure of inflation — the core personal consumption expenditures, or PCE, price index — rose 2.1 percent in April from a year earlier, that was down from the 2.2 percent gain seen in March. The slower growth in core inflation means the Fed’s current monetary policy stance — which has included a series of interest rate hikes since late 2015 — may be sufficient to maintain economic stability. The Fed next meets in June to review the economic outlook and consider any further policy adjustments.
Federal Reserve pauses rate hikes as inflation slows down
