Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump's "Liberation Day" tariffs last month. The reading -- which marked the lowest inflation rate since 2021 -- matched economists' expectations.

Inflation fell by one tenth of a percentage point to 2.3% for the year ending in April, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index. Forecasters had expected inflation to hold at 2.

Democrats and their media cheerleaders have been wailing for months that President Donald Trump’s tariff policies would ignite a wildfire of inflation, scorching American wallets. Yet, here we are, with fresh inflation numbers that slap their fearmongering narrative right across the face.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.

Inflation may have picked up slightly last month as President Donald Trump's widespread tariffs kicked in, a trend economists expect will become more visible in the coming months.

A former spokesman for former President Joe Biden known for defending his administration’s unpopular economy is joining forces with other

President Donald Trump has some historically low approval ratings, but they are getting better after he has eased up on tariffs, a Reuters poll says.