Subject: Inflation data
...is in. The tariffs didn't explode pricing like the media said.

https://www.usatoday.com/story...

Inflation eased to 4-year low in April as Trump's tariffs took effect, CPI report shows


Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy.

Overall consumer prices increased 2.3% from a year earlier, down from 2.4% rise the previous month, according to the Labor Department’s consumer price index, a measure of average changes in goods and services costs.

That’s the lowest annual increase since February 2021 but still leaves inflation moderately above the Federal Reserve’s 2% goal.

On a monthly basis, costs rose 0.2% after dipping 0.1% in March.

Prices for groceries, including eggs, used cars and airfares all fell sharply, while medical services and auto insurance and repairs continued to drift higher.

So the Fed's call of keeping the rates the same was the right one; they'll want to see the rate drop below 2% before considering dropping the fed funds rate down.

JP Morgan has called off their recession prediction as well.