BREAKING: Annual inflation hits 2.3% in April, lowest annual rate since 2021

The latest Consumer Price Index shows the annual inflation rate hit 2.3% in April, less than expected and the lowest since February 2021 — according to a Labor Department report Tuesday. On #MorningJoe, Andrew Ross Sorkin called the U.S. economy “remarkably resilient” and “more flexible than expected,” despite concerns over how Trump’s tariffs could eventually impact spending and consumer confidence.

WATCH: CEOs, including Elon Musk and Jeff Bezos, with Donald Trump in Saudi Arabia

President Trump was received at the Royal Court by Saudi Crown Prince Mohammed bin Salman. CEOs from top US companies — including Elon Musk — are also in attendance, as the Trump administration seeks foreign investment and expanded business ties. CNN’s Becky Anderson is in Riyadh and explains the significance of Trump’s first major foreign trip being to the Gulf region. #CNN #News