US inflation stays at 40-year high defying expectations of bigger drop - Financial Times

CPI increase of 8.3% in April includes rise in core inflation and prompts bond market sell-off

US consumer prices rose at an annual pace of 8.3 per cent last month, more than economists’ expectations and staying at a four-decade high, underscoring the urgency of the Federal Reserve’s push to s… [+4358 chars]

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