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☆ Are your seasonal allergies worse this year? Here's why—plus tips for symptom relief
▼ + stars: | 2024-05-18 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

It's peak allergy season in several states on the East Coast, including New York, and you, or your loved ones, may be sneezing, coughing and feeling more miserable than usual this year. More severe symptoms of seasonal allergies this spring are likely due to a warmer winter and an earlier start of allergy season, says Dr. Purvi Parikh, an allergist and immunologist with the Allergy & Asthma Network. And the cause of this longer, more intense allergy season? "There's higher amounts of pollen due to rising greenhouse gasses and more CO2 in the air, which plants thrive off of," Parikh tells CNBC Make It. Here are some effective ways to alleviate your allergy symptoms and still enjoy the spring.

Persons: Purvi, Shelby Harris, Harris Organizations: Allergy, Asthma, CNBC Locations: East Coast, New York

☆ How to survive ‘Maycember’ in three almost-easy steps
▼ + stars: | 2024-05-17 | by ( Dr. Katie Hurley | ) edition.cnn.com time to read: +7 min

“Maycember” is a term that online content creators the Holderness family coined to describe the sheer chaos of the month of May, much like the month of December. Exhausted teenagers are running on empty as the school year comes to an end, while expectations of parental involvement remain high. I’m always grateful for the people who volunteer their time to head up committees on the PTA or parent board. Prioritize mental healthNo good comes from a family running around from event to event without a moment even to enjoy the ones they attend. In a few short weeks, Maycember will be behind us for another year, and we’ll all breathe a sigh of relief.

Persons: “, Holderness, it’s, I’ve, there’s, I’m, you’ll, It’s, Maycember, You’ll, Katie Hurley, Strong, Fiona McPhee Organizations: CNN

☆ 'The Pillowcase Murders': What happened to Billy Chemirmir? Authorities say he killed 22 older women in 2 years.
▼ + stars: | 2024-05-17 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read preview"The Pillowcase Murders" puts the convicted murderer Billy Chemirmir in the spotlight. The Paramount Plus docuseries details how authorities accused him of killing 22 older women between 2016 and 2018, though he was only found guilty of two murders. Chemirmir attacked women living in nursing homes and senior living communities in Texas, prosecutors alleged. AdvertisementHe posed as a maintenance man to gain entry into the building and then used pillows to smother his victims, prosecutors said. AdvertisementAccording to press releases from prosecutors, Chemirmir was ultimately accused of killing 13 women in Dallas County and 9 in Collin County.

Persons: —, Billy Chemirmir, Chemirmir, Mary Bartel, Lu Thi Harris, Mary Brooks Billy Chemirmir, Tom Fox, Mary Brooks, Prosecutors, Wyatt Busby, Shannon Dion Organizations: Service, Paramount, Netflix, Business, NBC, Dallas, Dallas Morning News, Coffield Unit, Associated Press, Guardian, Texas, Fox Locations: Texas, Fort Worth, Dallas County, Collin County, Anderson County, Dallas

☆ Bitcoin faces 'several' headwinds that will challenge miners in near term, says JPMorgan
▼ + stars: | 2024-05-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Unprofitable bitcoin miners are starting to exit the network after the halving , as expected. But much of their performance relies on bitcoin's price, which still faces several near-term headwinds, according to JPMorgan. However, "we do not see upside for bitcoin prices in the current juncture and if anything we see headwinds over the near term," he added. That was expected to happen after the halving in April, which slashed a key revenue source for bitcoin miners. "The more bitcoin prices decline the higher the number of unprofitable miners that come under pressure to leave the bitcoin network and the larger the result[ing] decline in the hash rate and bitcoin production cost."

Persons: JPMorgan's Nikolaos Panigirtzoglou, Bitcoin, it's overbought, There's, Kong's, there's, Panigirtzoglou Organizations: JPMorgan, Venture, Miners

☆ Lawmakers Make End Run Around Speaker Johnson on Disaster Bill
▼ + stars: | 2024-05-17 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

The success of the tactic underscores how tenuous a hold Republicans have on the House given their minuscule majority, and how divisions within the G.O.P. have fueled the emergence of a bipartisan coalition determined to get things done amid the dysfunction. In this case, Democrats and Republicans are attempting an end run around Speaker Mike Johnson to force a vote on legislation that would provide tax relief to victims of disasters around the country. The effort succeeded through a combination of backing from conservative Republicans from states hit hard by disasters and Democrats once again flexing their muscle in the narrowly divided House. It is just the latest example of how, during the chaotic congressional session, the House has deviated from the traditional procedural norms.

Persons: Mike Johnson Organizations: Republicans

☆ Opinion: Israel could defeat Hamas in Gaza more quickly if the US didn’t hold it back, this military expert says
▼ + stars: | 2024-05-17 | by ( Hilary Krieger | ) edition.cnn.com time to read: +20 min

CNN: Do you think that Israel can defeat Hamas without conducting a ground invasion in Rafah? The fact is that Rafah’s where the hostages and remaining Hamas military power and leadership are believed to be, their rockets and weapons production and other capabilities, everything. CNN: Couldn’t Israel’s offensive still have the effect of creating more militants who are going to join Hamas and fight against Israel? But it’s also a very winnable war for Hamas at this point because wars are not determined just by military capability. The problem is that the international community pushed Israel into this framework of going slower, going methodically, evacuating every area beforehand.

Persons: CNN —, John Spencer, Spencer, John Spencer Spencer, He’s, ” Spencer, JACK GUEZ, they’ve, we’re, there’s, Couldn’t, David Petraeus, Petraeus, who’s, it’s, You’ve, Dawoud Abo, Israel, I’ve, Israel doesn’t, that’s, — we’re, they’re, would’ve Organizations: CNN, Israel Defense Forces, Hamas, Modern, Institute, IDF, United Nations Relief, Works Agency for Palestine Refugees, Getty, Israel, Nazi, Spencer, Shiva, Dawoud Abo Alkas, ISIS, UN, Gaza, Twitter, Facebook Locations: Israel, Gaza, Iraq, West, Rafah, Spencer, Israeli, Hamas, Gaza City, AFP, Iran, Palestine, Northern Gaza, Afghanistan, United States, Egypt, Sinai, Anadolu, Qaida, Mosul, Panama, Tokyo

☆ May 17 is the last chance to claim your 2020 tax refund — the median payment is $932, IRS says
▼ + stars: | 2024-05-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

May 17 is the last chance to file 2020 returns and claim your refund — which could include missed pandemic relief, experts say. As of May 6, there was still an estimated $1 billion in unclaimed refunds from tax year 2020, and the median possible payment was $932, according to the IRS. But roughly 940,000 taxpayers could surrender their 2020 refund payment if they don't file by May 17, the agency explained in May. The 2020 tax deadline was postponed to May 17, 2021, amid the pandemic — and the three-year deadline to file 2020 returns and collect refunds is now upon us. "If you let if you let it slip, there's nothing anybody can do," said Bill Smith, national director of tax technical services at financial services firm CBIZ MHM.

Persons: John Karls, Bill Smith, CBIZ Organizations: Finance

☆ Viral ‘courtesy’ letter American Airlines gives flight attendants shows how little they make
▼ + stars: | 2024-05-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.

Persons: haven’t, “, –, Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, ” Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts

☆ A financial therapist was $19,000 in debt in her 20s. Loud budgeting helped her pay it off in 1 year.
▼ + stars: | 2024-05-17 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

Read previewThe average American has $104,215 of debt, and paying it all off is a daunting task. Amanda Clayman, a financial therapist who hosts Fresh Produce Media's Audible series "Emotional Investment," once found herself in the same predicament: she owed $19,000 in credit card debt. AdvertisementClayman told Business Insider that paying off the debt took a little over a year. AdvertisementClayman's reframing not only helped her pay off her debt quickly, but it also brought her closer to her friends. No more smiling through expensive mealsOnce she started engaging with her debt, Clayman realized that she had to change some of her spending habits.

Persons: —, Amanda Clayman, Clayman, Clayman's, Zers Organizations: Service, Business Locations: New York City

☆ U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
▼ + stars: | 2024-05-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September, after inflation data cooled more than expected in April. Traders are currently pricing in a roughly 70% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Jerome Schneider, head of short-term portfolio management at PIMCO, said on Thursday that the latest U.S. inflation data confirmed to investors that the potential for a near-term rate hike was now "off the table." "I think more contextually, we have to really understand that we have celebrated a lower inflation rate, the market has. But, in context, at PIMCO we're specifically thinking about the longer-term trajectory of how the Fed is going to react to this data," Schneider told CNBC's "Squawk Box Europe."

Persons: Dow Jones, Jerome Schneider, we're, Schneider, CNBC's Organizations: New York Stock Exchange, Traders, U.S . Federal, Labor Department's Bureau of Labor Statistics, Federal Reserve Locations: U.S, PIMCO

☆ Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say
▼ + stars: | 2024-05-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

(For example, federal student loan borrowers can pause their payments if they become unemployed, return to school or get cancer.) But advocates have fresh warnings now as the Biden administration reforms the federal student loan system. Millions more federal student loan borrowers could receive debt forgiveness in the coming months if Biden's revised relief package survives legal challenges this time. PSLF allows certain not-for-profit and government employees to have their federal student loans cleared after 10 years of on-time payments. (The rates on federal student loans for the 2024-2025 academic year will range from roughly 6.5% to 9%.)

Persons: Biden, Joe Biden, Biden's, who've, PSLF, I've, they'd refinanced, —, Yu, Mark Kantrowitz, Kantrowitz Organizations: U.S . Department of Education, Education Department, Public, Art Institute, Art, Education Management Corp, Valuable Education Locations: Mayotte, Iowa , Massachusetts, Pennsylvania

I've been working with wealthy clients for nearly 15 years, and I've noticed a few common habits. I've been advising wealthy clients for nearly 15 years, and I'm often asked for the secret sauce, or the commonalities I see in my wealthiest financial-planning clients that make them successful. My most successful clients lean on us to help them separate those emotions and make sound financial decisions. My most successful clients value receiving comprehensive financial plans specific to their goals and situations. My most successful clients value receiving comprehensive financial plans specific to their goals and situations.

Persons: I've, —, I'm, that's, they've, doesn't Organizations: Service, Everest, Google, Jobs, Relief, Economic Security Locations: Policygenius

☆ European stocks set to react positively to soft U.S. inflation data, following global markets higher
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are set to open in positive territory Thursday, buoyed by a relief rally for global markets following softer-than-expected U.S. inflation data. The U.S. consumer price index rose 0.3% in April, below the 0.4% rise predicted by the Dow Jones, data released Wednesday showed. Consumer prices still grew 3.4% from a year ago, in line with market estimates, but the data has encouraged traders to believe that the U.S. Federal Reserve could begin to cut rates in the near future. Asia-Pacific markets rose Thursday after Wall Street benchmarks closed at record highs overnight following the inflation data. U.S. stock futures were near flat overnight.

Persons: Dow Jones Organizations: U.S . Federal Reserve Locations: U.S, Asia, Pacific

☆ Budget-minded homebuyers should look in these 23 cities where down payments are plummeting, even in an unaffordable housing market
▼ + stars: | 2024-05-16 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Affordability remains a headacheHome affordability has taken a huge hit since the pandemic as mortgage rates, property prices, and — by extension — down payments have surged. Mortgage rates have since more than doubled at over 7%, and houses cost over $70,000 more at $332,000. The 30-year fixed mortgage rate is now roughly triple the 2.7% rate it was at in early 2021. The savings rate in the late 2010s was around 6.5% of disposable income, and it spiked early in the pandemic due to a surge of government stimulus. 23 cities where down payments are down meaningfullyAlthough affordability is limited as mortgage rates, home prices, and down payments have risen, there are still dozens of cities where the cost of buying a house is headed lower.

Persons: —, Hannah Jones, Realtor.com, Freddie Mac, they'd, Jones Organizations: Service, Business Locations: Realtor.com

☆ Democrats Aim for a Breakthrough for Black Women in the Senate
▼ + stars: | 2024-05-16 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Carol Moseley Braun, one of only two Black women to have been elected to the Senate in U.S. history, was in Paris on Wednesday when she was informed that another Black woman, Angela Alsobrooks, had won the Democratic nomination for an open Senate seat in Maryland. “That’s wonderful.”With Ms. Alsobrooks’s come-from-behind victory in Tuesday’s primary, voters in November will most likely have the chance to double the number of Black women ever elected to the Senate. Another Democrat, Representative Lisa Blunt Rochester, is the odds-on favorite to win her party’s nomination in September for an open Senate seat in heavily Democratic Delaware. If both win in November, for the first time, two Black women will serve in Congress’s upper chamber at the same time. Representative Barbara Lee, a seasoned political veteran and an antiwar icon, received barely a glance from the party apparatus this year when she ran for an open Senate seat in California.

Persons: Carol Moseley Braun, Angela Alsobrooks, ”, “, Alsobrooks’s, Lisa Blunt Rochester, “ It’s, Moseley Braun, Kamala Harris, Laphonza Butler, Barbara Lee Organizations: Senate, Democratic, “, Democrat, United States African Development Foundation, Democratic Party Locations: Paris, Maryland, Tuesday’s, Democratic Delaware, Illinois, California

☆ 5 secrets to moving better and preventing avoidable injury
▼ + stars: | 2024-05-16 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

Even the most basic of human movement patterns — walking — can land you in the emergency room due to tripping or losing balance. Read on for five essential strategies to correct improper movement patterns, enhance movement quality and minimize your risk of injury. Understanding what constitutes right and wrong movement is crucial in preventing injury. Include strength training in your workoutsRegular strength training builds more than muscle; it also increases bone density, joint stability, endurance, metabolism and overall durability. Remember, injury prevention begins with understanding proper movement mechanics and consistently practicing functional movement patterns.

Persons: Dana Santas, Aaron Lockwood Organizations: Pain, CNN, US Centers for Disease Control, Lockwood, CNN’s

☆ Heat Stress Is Hitting Caribbean Reefs Earlier Than Ever This Year
▼ + stars: | 2024-05-16 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

As the world’s coral reefs suffer a fourth global bleaching event, heat stress in the Caribbean is accumulating even earlier than it did in 2023, the previous record year for the region, according to data made public on Thursday by the National Oceanic and Atmospheric Administration. “I hate that I have to keep using that word ‘unprecedented,’” said Derek Manzello, coordinator of the agency’s Coral Reef Watch Program. Officials said conditions were quickly changing to a neutral state, with a cooler La Niña forecast for this summer or fall. But right now, temperatures in the Caribbean off Panama, Costa Rica, Nicaragua and Colombia are hitting levels that previously haven’t been seen until weeks later, an ominous signal after the heat that ravaged reefs across the region last year. A study of the reefs off Huatulco in Oaxaca, Mexico, found coral mortality ranging from 50 percent to 93 percent, depending on the reef area.

Persons: “, ’ ”, Derek Manzello, El Organizations: National Oceanic, Atmospheric Administration, Reef Watch Locations: Caribbean, Panama, Costa Rica, Nicaragua, Colombia, Oaxaca, Mexico

☆ Civilian Prosecutors Rejected Evidence in 9/11 Case That Military Calls Crucial
▼ + stars: | 2024-05-16 | by ( Carol Rosenberg | Charlie Savage | ) www.nytimes.com time to read: +1 min

For years, a thorny question has dominated pretrial hearings in the military commissions case over the Sept. 11, 2001, attacks: Did the men accused of plotting them voluntarily confess in 2007 after the C.I.A. had stopped torturing them, and could those statements be used as evidence at their eventual death-penalty trial? analyst revealed that in 2009, when the Obama administration was planning to instead try the men in civilian court, federal prosecutors had decided against trying to offer the statements as evidence. The revelation sets in stark relief the contrary decision by military prosecutors to build their case around summoning the F.B.I. It also underlines how that decision has opened the door to years of litigation and contributed to a lengthy delay in getting the case to trial.

Persons: Obama, Mark S, Martins Organizations: Brig Locations: Guantánamo

☆ Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down
▼ + stars: | 2024-05-16 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Read previewInflation and interest rates are still high, but Americans shouldn't count on any relief just yet. Advertisement"The status of the battle against inflation requires that interest rates remain elevated in the near-term," Hamrick said. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during the panel. But while job seekers and workers may find this cooldown concerning, that moderation is also welcome and the labor market is still strong. "Paired with high borrowing costs — like high interest rates on your credit cards — and the current economy can feel quite uncomfortable," Renter added.

Persons: —, That's, Mark Hamrick, Hamrick, Jerome Powell, Powell, Joanne Hsu, Nick Bunker, Ted Rossman, Rossman, Elizabeth Renter, Renter, it's Organizations: Service, Federal Reserve, Bureau of Labor Statistics, CPI, Business, Federal, University of Michigan, North America Locations: Amsterdam, United States, —

☆ I'm a college athlete whose heart stopped during practice. Doctors thought I'd need a nursing home, but I'm already back on the field.
▼ + stars: | 2024-05-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

When my mom was in labor, doctors thought I might be tangled in the umbilical cord because my heart rate would plummet and then stabilize. I was delivered by emergency C-section, and doctors soon realized that I had congenital heart defects. Still, I thought I'd adjusted well — until my heart stopped on the field. Even when I started breathing on my own, doctors thought I might need to go to a nursing home rather than a rehab facility because I was still so frail. AdvertisementTIRR Memorial Hermann in Houston was the only in-patient rehab hospital that would take me because my needs were so intensive.

Persons: Mac Kelso, Mac, Doctors, — Dr, Nikola Dragojlovic —, TIRR, Hermann, I've, — Organizations: Service, Business, Louisiana Tech University Locations: Oregon, Louisiana, Colorado, Houston, TIRR

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ 4 powerful mindset shifts that actually save you money, according to a financial therapist
▼ + stars: | 2024-05-16 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

While everyone's financial situation is different, there are mindset shifts that can help anyone save more, whether they're a cushy DINK or an ALICE living paycheck to paycheck. She said some people can try to "white-knuckle" their financial goals, believing that once they reach them, they won't have to worry about money again. AdvertisementClayman shared a few simple mindset shifts that have helped her clients when faced with different financial issues. Process your disappointmentsIf you feel overwhelmed by the idea of budgeting, Clayman said you should get to the root of why you're overwhelmed. You need a deeper reason to stick to your goals if saving money will require both working a lot and turning down some fun experiences.

Persons: —, DINK, ALICE, Amanda Clayman, isn't, Clayman, it's Organizations: Service, Business

☆ Biden administration plans to speed up court cases for recent migrant arrivals
▼ + stars: | 2024-05-16 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +3 min

CNN —The Biden administration plans to speed up court cases for some recently arrived migrants who are seeking asylum, marking the latest move to address arrivals at the US-Mexico border, according to senior administration officials. The Department of Homeland Security and Justice Department announced Thursday a new court docket targeting migrants who have unlawfully crossed the US southern border. Cases can often take years because of an immigration court backlog, prompting the effort to set up a process intended to expeditiously work through cases. The immigration court backlog exceeds 3 million pending cases, according to Syracuse University’s Transactional Records Access Clearinghouse or TRAC, which tracks immigration court data. “We’ve identified judges who have availability to manage to do these and manage along with all the existing work that they’re doing,” the senior administration official said.

Persons: CNN —, Biden, Alejandro Mayorkas, Mayorkas, —, ”, “ We’ve Organizations: CNN, Department of Homeland Security, Justice Department, Department of Justice, Homeland, Republicans, Obama, Trump, Immigrant Locations: Mexico, Atlanta, Boston, Chicago, Los Angeles and New York City, “, Syracuse

☆ Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
▼ + stars: | 2024-05-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden's Education Department is giving student-loan borrowers more time to get closer to debt cancellation. On Wednesday, the Education Department announced that it's extending the deadline for borrowers to benefit from the one-time account adjustments. To receive the account adjustment automatically, borrowers must be in the federal direct loan program or have federally held loans in the Federal Family Education Loan program. "FFEL borrowers should consolidate as soon as possible in order to receive this benefit that has already provided forgiveness to nearly 1 million borrowers." Since the adjustments began, according to the department, 996,000 borrowers have received $49.2 billion in debt relief.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Joe Biden's Education, Education Department, Public, Business, Family Education, Education, Federal, Aid Locations: PSLF

☆ Inflation Eased and Markets Hit New Highs
▼ + stars: | 2024-05-15 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

A new inflation report released today offered consumers and policymakers some relief: April prices, with volatile food and fuel prices stripped out, rose 3.6 percent over the previous year — the lowest annual increase in so-called core inflation since early 2021. “This report was mostly good news in that it wasn’t bad news,” our economics reporter Ben Casselman told me. He said that the stubborn price increases in recent months “had begun to erode confidence in the ‘soft landing’ narrative that had taken hold last year. This report doesn’t erase those concerns, but it does at least ease fears that inflation was re-accelerating.”Today’s data showed progress on several fronts. And while gasoline prices ticked up, housing costs — which have proved to be among the most stubborn — showed hints of improvement.

Persons: Ben Casselman, “

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