Current location:International Impression news portal > travel
Fed's preferred inflation gauge shows price pressures stayed elevated last month
International Impression news portal2024-05-07 19:20:04【travel】0People 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.
Address of this article:http://lydelajexeh.allesfuersjagen.com/html-5d699349.html
Very good!(7153)
Related articles
- No, France did not deploy troops to fight with Ukraine against Russia
- LaMelo Ball again considering ankle braces after injuries limited him to 58 games over two seasons
- Roma's Ndicka discharged from hospital a day after collapsing during game
- The pilots union at American Airlines says it's seeing more safety and maintenance issues
- Minnesota legislators consider constitutional amendment to protect abortion and LGBTQ rights
- Kentucky Senate confirms Robbie Fletcher as next state education commissioner
- Busch Gardens Tampa Bay: Endangered Bornean orangutan born in Florida
- Diggs gives Stroud, Texans another playmaker and vaults them into Super Bowl conversation
- The night that bra
- Niko Medved signs long
Popular articles
Recommended
DJ Chark Jr. signs with the Los Angeles Chargers
Colombia's capital announces new measures to cut water consumption as dry weather persists
Two bodies are found in hunt for Kansas moms who disappeared two weeks ago
Judge awards $23.5 million to undercover St. Louis officer beaten by colleagues during protest
More than 40 workers trapped after a building under construction collapsed in South Africa
China promotes human organ donation, transplantation
Will Brennan homers, Guardians beat Red Sox 6
Shanghai to build complete care system for children with autism by 2027
Links
- Banker's son, 22, on trial for 'drowning alcoholic dad in baptism
- European Union official urges G7 to step up air defense for Ukraine and expand Iran sanctions
- Denver Nuggets realize defending their NBA championship will be a tough task in improved West
- Moment Home Office cops kick down door in dawn raid to smash 'sophisticated' people
- Prominent Baptist pastor in military
- PETER HITCHENS: The so
- Stock market today: Asian shares gain despite Wall Street's tech
- Ethnic army intercepts junta offensive on Thai
- Jennifer Lopez, 54, is a fresh
- Indonesia's Mount Ruang volcano eruptions trigger tsunami alert