Consumer prices rose 3.8% annually in April, the highest since May 2023, but … Fed printed M2 at 4.6% annually in March

The inflation numbers are out for April. Consumer prices rose 3.8% annually, higher than The Fed’s target rate of 2%.

To be fair, The Federal Reserve pumped up the money supply (M2) by 4.6% in March.

According to the BLS, gasoline prices rose 28.4% annually in April while shelter rose 3.3% annually.

Do the Federal Reserve dance!