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US inflation falls to 2.3% in April

Economists caution that much of the impact of Trump’s tariffs is yet to be felt

US inflation fell to 2.3 per cent in April, the month Donald Trump imposed his global tariffs, as the US president maintains pressure on the Federal Reserve to cut interest rates.

Tuesday’s annual consumer price index figure from the Bureau of Labor Statistics was below the expectations of analysts surveyed by Bloomberg that inflation would remain at March’s 2.4 per cent rate.

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Author: Claire Jones in Washington and Kate Duguid in New York

Source: Financial Times

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