New Delhi, May 13 -- U.S. consumer prices rebounded moderately in April, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.

The rise in prices reported by the Labor Department on Tuesday was below economists' expectations and did not change their view that the Federal Reserve would continue to pause its interest rate-cutting cycle until late in the summer.

The data suggested that price pressures were cooling before President Donald Trump's sweeping import duties, whose impact is expected to become evident starting with consumer price data in May. Though the U.S. and China took a major step towards de-escalating their trade war over the weekend, a 10% blanket ...