Inflation looks temporary, but growth risks persist
The central bank is expected to hold rates on Wednesday, but some economists say there are "psychological" reasons for a cut
Consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March
U.S. labour market remains strong with steady job growth and low unemployment
Tariffs complicate interest rate decisions, despite Trump's push for lower borrowing costs
Higher operating costs seen as the main obstacle to growth
Seven priorities outline focus on affordability, economic growth and trade
Jump in energy and water bills drives inflation to 3.5% in April
Core inflation accelerated to top 3% in April, despite a drop in headline CPI
End of the consumer carbon price drove gas costs down, but grocery prices continued to climb