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WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households.
By CHRISTOPHER RUGABER
Federal Open Market Committee statement due at 1800 GMT, Powell presser at 1830GMT on 04 May 2022
These markets expect the Fed to take the FFR up 225 basis points by September and another 50 bps to make 275 in total by year's end....XLE
WASHINGTON -- The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow -- for a car, a home, a business deal, a credit card purchase -- all of which analysts say will compound Americans' financial strains and likely weaken the economy.