US inflation shows signs of moderating, giving Fed room to pause

US inflation decreased slightly in April with the consumer price index rising by 4.9% YoY. Federal Reserve officials are expected to be cautiously optimistic over the news as it is the first reading below 5% in two years. Still, inflation remains brisk with the job market remaining robust, and the Fed will require more than one month of data before changes are made. https://ift.tt/xm3o1Uk