The Consumer Price Index rose 0.3% in April after rising 0.4% the previous month, and increased 3.4% over the past year, the Labor Department said today. Year-on-year core CPI—which excludes more volatile food and especially energy prices—posted a 3.6% gain. The energy index increased 2.6% while the food index increased 2.2%.
Senators reintroduce bill to ‘claw back’ bank executive pay
A bipartisan group of 14 senators has reintroduced legislation to require the FDIC to “claw back” bank executive pay following a large bank failure.










