The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the expectations of forecasters who closely track how the Labor Department measures inflation.

The latest consumer price index shows inflation cooling, so did President Trump's tariffs have a smaller impact than expected? Stephen Kates, Bankrate Financial Analyst, breaks down what the new numbers mean for consumers.