Inflation cooled again even as some tariffs took effect. But economists don't expect that to last

Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March and the smallest increase in more than four years. Matt Priest, president and CEO of the FDRA, said that the cost of shipping goods from China will likely rise as many companies scramble to get orders to the U.S. during the 90-day window. The smaller import taxes on Chinese goods will limit the damage to the U.S. economy, but combined with all the other tariffs, economists forecast they will still slow growth this year and worsen inflation.

Author: Christopher Rugaber

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