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 U.S. stock futures add to gains Friday, after the Federal Reserve's preferred measure of inflation continued to run hot in April, but cooled from March.
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Annualized U.S. inflation rate cools, according to the Fed's preferred measure
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The Fed's preferred gauge shows inflation rose 4.9% in April in a sign that price increases could be slowing CNBCKey inflation gauge slowed to still-high 6.3% over past year The Washington PostThe Fed's preferred inflation gauge rose 4.9% in April, near 40-year high Fox BusinessUS Inflation-Adjusted Spending: April Purchases Rose Underscoring Solid Consumer BloombergWhen is the US
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The price of jet fuel is twice as much as it was last year, according to U.S. federal data - an ominous sign for cash-strapped summer revelers ahead of what is expected to be a busy travel season.
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