Citadel Financial Planning

Made some great connections and learned a lot at the LPL Focus this week. We hope all of this will serve well to enhance our clients’ experience at Citadel Financial.

Wednesday's Inflation Data came in slightly better than expected.
The data shows that prices have risen an average of 4.9% compared to 1 year earlier.
While that is still high, it is the lowest rate of increase in 2 years, showing progress on inflation.

Report Highlights:
-Gas prices were down 12.2% on an annual basis.
-The shelter (Housing/Rent Costs) index increased 8.1% over the last year, accounting for over 60 percent of the total increase in core inflation.
-Egg prices fell 1.5% in April after dropping 10.9% in March.
-Last week, the Fed signaled it could pause its hikes, saying it would assess incoming data ahead of its next meeting in June.
-Wednesday's inflation data comes after a strong jobs report last Friday.

Inflation: Consumer prices in April rise at slowest annual rate in 2 years Consumer prices in April showed inflation pressures remain elevated in the US economy while headline prices rose at the slowest annual rate since the period ending April 2021.