Inflation Numbers Mild in April; Tariffs Not Impactful Yet — RISMedia
By: Michael Catarevas | Published: 2025-05-30 16:39:00 | Source: www.rismedia.com
Inflation was mild in April as President Trump’s tariffs policy, which has generally been put on hold for the time being, did not impact numbers dramatically. Whether the oft-changing trade measures lead to noticeably higher prices by year’s end remains to be seen.
From the same month one year ago, the PCE price index for April increased 2.1%. Excluding food and energy, the PCE price index increased 2.5% from one year ago. This follows flat readings seen in last month’s report.
Melissa Cohn, regional vice president of William Raveis Mortgage and a 43-year mortgage industry veteran, thinks tariffs are the major issue potentially preventing a rate cut. With Trump hoping for a rate cut, he’s unlikely to get it soon, despite the rosy inflation…
