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The New York Sun
Economy

Prices Rise 3.4 Percent in April, an Improvement From March, as Inflation Lingers Far Above Fed’s Target 

Elevated inflation readings are dimming hopes that the worst bout of inflation in four decades is being rapidly tamed.

The Federal Reserve chairman, Jerome Powell, at Washington, May 3, 2023, following the Federal Open Market Committee meeting.
The Federal Reserve chairman, Jerome Powell, at Washington, May 3, 2023, following the Federal Open Market Committee meeting. AP/Carolyn Kaster