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Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

KEY POINTS Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index, which measures a variety of goods and… Read More »Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed