US Inflation Up Moderately in April, Consumer Spending Weakens

INFLATION - REUTERS - U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central bank will be able to begin cutting interest rates in September.

The data suggested the elevated pace of price increases could last longer than expected but also the prospect that more tepid consumer spending may keep a lid on price increases in the months ahead.