{"id":393,"date":"2026-05-28T15:08:37","date_gmt":"2026-05-28T15:08:37","guid":{"rendered":"https:\/\/trustedmovinggroups.com\/?p=393"},"modified":"2026-05-28T15:08:37","modified_gmt":"2026-05-28T15:08:37","slug":"key-inflation-gauge-worsens-as-americans-income-and-spending-power-erodes","status":"publish","type":"post","link":"https:\/\/trustedmovinggroups.com\/?p=393","title":{"rendered":"Key inflation gauge worsens as Americans\u2019 income and spending power erodes"},"content":{"rendered":"<div>\n<p>A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans\u2019 finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.<\/p>\n<p>Read more <a href=\"https:\/\/trustedmovinggroups.com\/?p=391\">\u2018Least known\u2019 World Cup player goes viral with help from influencer<\/a><\/p>\n<p>Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May 2023. On a monthly basis, prices rose 0.4%, down from the 0.7% jump in March but still higher than the inflation-fighters at the Federal Reserve would prefer.<\/p>\n<p>Read more <a href=\"https:\/\/trustedmovinggroups.com\/?p=387\">San Diego mosque gunman dressed as serial killer and idolized mass shooters, police say<\/a><\/p>\n<div><\/div>\n<p>Thursday\u2019s inflation report also showed that in addition to gasoline, prices for groceries, clothing and electricity are also on the rise, indicating that inflation could persist. Inflation is also notably above the Federal Reserve\u2019s target of 2%, which means Fed policymakers may decide to forego any cuts to their key short-term interest rate this year. Some officials have signaled that the central bank\u2019s next move could be a hike rather than a cut.<\/p>\n<p>Read more <a href=\"https:\/\/trustedmovinggroups.com\/?p=385\">Judge allows Trump to implement mail-in voting executive order<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A key inflation gauge accelerated in April to the highest level in years, squeezing Americans\u2019 finances and creating political challenges for President Trump.<\/p>\n","protected":false},"author":1,"featured_media":392,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key inflation gauge worsens as Americans\u2019 income and spending power erodes - 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