Editor
Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023.
Jordan Vonderhaar | Bloomberg | Getty Images
Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will be cutting interest rates by as soon as September.
The annual inflation rate as measured by the consumer price index fell to 4.9% in April, its lowest level in two…
