Current location:business >>
Fed's preferred inflation gauge shows price pressures stayed elevated last month
business8829People have gathered around
IntroductionWASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortab ...
WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed’s 2% inflation target. Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February.
After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023. Yet so far this year, the index has remained stuck above the central bank’s target rate. More expensive gas and higher prices for restaurant meals, health care and auto repairs and insurance, among other items, have kept the overall pace of price increases elevated.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stance news portal”。http://vifefibywomovap.allesfuersjagen.com/content-6f799237.html
Related articles
My top diet tricks to lower your blood pressure WITHOUT taking pills
businessAnyone who thinks they have no need to worry about high blood pressure should think again — it can a ...
【business】
Read moreUrgent search for P&O cruise ship passenger feared to have fallen overboard near Sydney Harbour
businessA desperate air and sea search has been launched for a cruise ship passenger feared to have fallen o ...
【business】
Read moreUK's ruling Conservative Party suffers heavy losses in local elections
businessLONDON, May 3 (Xinhua) -- Britain's ruling Conservative Party has suffered one of its worst ever ele ...
【business】
Read more
Popular articles
- MLB warns teams against encouraging players to withdraw from high schools to avoid amateur draft
- Perth Stabbing: Teen shot dead by police was in deradicalization program
- Javier Assad pitches 6 innings as Cubs blank Brewers 5
- Taylor Pendrith gets 1st PGA Tour win at Byron Nelson after final
- Iris Law catches the eye in a semi
- Germany recalls its ambassador in Russia for a week in protest over a hacker attack
Latest articles
Chinese economy to provide more opportunities for cooperation
Many Florida women can't get abortions past 6 weeks. Where else can they go?
Chinese President Xi Jinping kicks off three
Frank Stella, renowned American artist, dies at 87
MLB warns teams against encouraging players to withdraw from high schools to avoid amateur draft
Green councillor who shouted 'Allahu Akbar' after being elected in Leeds is accountant father
LINKS
- Nation eyes record year for vehicle sales
- Xiplomacy: How Chinese, Iranians Enrich Mutual Understanding
- China's National Legislators Start to Elect Chinese President, Other State Leaders
- Industry sees OpenAI's Sora as a game changer
- Xi Signs Presidential Order to Appoint Li Qiang as Premier
- New faces set to lead China
- Biden sanctions Israeli settlers accused of attacking Palestinians and peace activists in West Bank
- Photovoltaic power generation boosts green development in rural areas
- Multiple safety issues haunt Boeing
- Antique beauty of architecture of the Ma Family Courtyard on Huimin street