An inflation gauge closely tracked by the Federal Reserve hit 6.3% in April, below a 4-decade high set in March

May. 27, 2022 08:38 AM EST

An Inflation Gauge Closely Tracked By The Federal Reserve Hit 6.3% In April, Below A 4-Decade High Set In March

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve hit 6.3% in April, below a 4-decade high set in March.