(new Federal Reserve News Agency: April inflation data strengthens the Fed's plan to suspend interest rate hikes.) on Wednesday, local time, Nick Timiraos, a prominent journalist known as the "New Federal Reserve News Agency," wrote that the April inflation report strengthened the Fed's plan to suspend interest rate hikes. Timiraos noted that the April inflation report showed that price pressures had not worsened and were likely to ease soon as the slow increase in residential rental costs affected the official inflation indicator.