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US inflation edged down to 3.4% in April from 3.5% in March, with a modest 0.3% increase seen for the month itself. The Labor Bureau of Statistics attributed nearly three-quarters of this rise to increased housing and fuel costs. Core inflation, excluding food and energy prices, also saw a slight dip to 3.6% annually and a 0.3% uptick for April. Despite these fluctuations, the Federal Reserve remains cautious about rate adjustments, aiming to rein in inflation while supporting economic growth. Investment strategists emphasize the persistent inflation trend, hovering around 3%-4%, hindering...