All eyes were on last week’s release of the consumer and producer inflation reports for April. They showed that inflationary pressure moderated during the month following a surge in March, but there is still a lot of work to be done to get rising prices under control. This will be a busy week of economic updates, with reports scheduled that will cover retail sales, industrial production, and the housing sector. Last Week’s News On Wednesday, the April Consumer Price Index report was released. Consumer inflation moderated during the month, as prices increased 0.3 percent in April following a 1.2 percent surge in ... (full story)