Singapore's non-oil domestic exports rose 12.4% in April from the same month a year earlier, government data showed on Friday, with shipments of both electronics and non-electronics increasing.

Consumer prices were up 2.3% in April from a year earlier, the Labor Department reported Tuesday, cooler than March’s gain of 2.4%. That was below the 2.4% that economists polled by The Wall Street Journal had expected.

Inflation is getting closer to the Federal Reserve's 2% target.

Consumer prices climbed at the slowest pace since February 2021 last month, as the inflationary effects of President Donald Trump's tariffs have yet to hit Americans' wallets.

Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.

The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.

The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.

President Trump repeated his call for the Federal Reserve to cut interest rates after April's inflation report was cooler than expected.

Inflation eased to a four-year low in April as the nascent impact of President Donald Trump ’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy.

Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.

Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies.