Now that the Federal Reserve has polished up its inflation-fighting credentials, has consumer inflation topped out? There was little relief from higher prices in April except at the pump. The new inflation data will be released Wednesday in the week ahead. Consumer confidence rebounded some last month for the first time since January. Despite inflation at 40-year highs, consumer expectations of an improving economy over the next six months jumped in the University of Michigan consumer sentiment survey. This is encouraging amid talk about a looming recession. Don’t be mistaken, though. Consumer…