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 Investors take a breather this week, as U.S. stocks bounce back. Beneath the surface, though, are still strong undercurrents of worry about inflation.
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A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gas prices. Yet there were other hints that a surge in U.S. inflation might be abating.
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Nearly 70% of Americans are planning to travel this summer, but gas prices and inflation are a consideration, according to a survey.
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Chancellor Rishi Sunak's measure comes as inflation hits multi-decade highs following the Russian invasion of Ukraine.
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U.S. stocks close sharply higher Friday, after the Federal Reserve's preferred measure of inflation continued to run hot in April, but cooled from March.
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