What’s News: Business & Finance
Inflation eased slightly last month, likely keeping the Fed on course to pause rate increases at its next meeting. The consumer-price index rose 4.9% in April from a year earlier, down from March’s 5% increase.
The S&P 500 and Nasdaq ended with gains of 0.4% and 1%, respectively, after release of the data, while the Dow lost 0.1%. The yield on the 10-year Treasury note fell.
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Source: https://www.wsj.com/articles/whats-news-business-finance-85291e64
