The most anticipated economic report of the month showed that inflation cooled down a little in April, bringing relief to investors and housing industry professionals.

Consumer prices in April were up 3.4% from a year earlier, down from 3.5% in March, according to data released by the Bureau of Labor Statistics on Wednesday. The reading, which came on the heels of the past three stronger-than-expected CPI releases, aligned with economists’ forecasts.

Core inflation, the Fed’s preferred inflation measure, fell to 3.6% annually in April, down from details ⇒

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