US inflation slows unexpectedly to 2.3% in April

1. US inflation slowed to 2.3% in April compared to a year earlier. 2. Core CPI increased 2.8% year-over-year, indicating ongoing price pressures. 3. Monthly inflation rose 0.2%, signaling potential tariff-related effects. 4. US and China reached a temporary agreement to lower tariffs. 5. Fed warned risks of stagflation could emerge from ongoing trade tensions.