Inflation rate slipped to 2.1% in April, lower than expected, Fed's preferred gauge shows

1. April inflation rate remained stable at 2.1%, matching forecasts. 2. Consumer spending slowed to a mere 0.2% growth in April. 3. Personal income rose 0.8%, exceeding expectations of 0.3%. 4. President Trump is advocating for interest rate cuts from the Fed. 5. Fed policymakers are cautious, awaiting trade policy impacts.