The US government watches how much things cost and compares it to previous years. In April, they found out that prices of many items did not increase as fast as before. This is good news because people want to buy more things when the price does not change too much. It also makes the big bank (Fed) think about lowering interest rates, which can help businesses and people borrow money easier. Some other reports say that stores are selling items at the same speed as before, but not faster or slower. This information helps us understand how healthy the economy is. Read from source...
1. The article is titled "US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets". However, the body of the text contradicts this statement by mentioning that inflation remained high at 3.4% year-over-year and only fell slightly from March's 3.5%. This is not a fall as expected, but rather a continuation of an upward trend that has been going on for months.