U.S. consumers began to "hit the brakes" in April as the Federal Reserve's favorite inflation indicator remains moderate

American consumers began to "hit the brakes" in April, with inflation remaining moderate, in line with the trend of economic slowdown. In April, inflation-adjusted personal spending increased by 0.1%, and the core Personal Consumption Expenditures (PCE) price index rose by 2.5% year-on-year, marking the lowest increase in over four years. Imports fell by nearly 20%, leading to a significant narrowing of the goods trade deficit. Consumer confidence has significantly declined, with personal financial confidence at a historical low. The Federal Reserve may keep interest rates unchanged in the foreseeable future, and economists are paying attention to the impact of tariffs on consumer spending