Inflation slowed down just a bit in April. It’s still high.

<p>Has inflation possibly started to peak? <span style="font-weight: 400">The Federal Reserve’s preferred inflation gauge slowed to a 0.2% increase last month, which is far less than in March. Helping us to decipher the meaning and discuss more markets-wise is Christopher Low of FHN Financial. The Memorial Day weekend traditionally kicks off the summer driving season, and high gas prices are not expected to slow drivers. We look into how a part of Biden&#8217;s infrastructure plan targets the replacement of lead pipes, which entered the national spotlight during the Flint, Michigan water crisis.</span></p> <p class="p1">Your donation powers the journalism you rely on. <a href="https://support.marketplace.org/mkp-mmr-sn"><span class="s1"><i>Give today to support Marketplace Morning Report.</i></span></a></p>