Current location:opinions >>
Fed's preferred inflation gauge shows price pressures stayed elevated last month
opinions15People 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.“Planet Pages news portal”。http://brazil.spaceforanything.com/content-4b599461.html
Related articles
Taylor Swift devastates fans after missing Met Gala for eighth year in a row
opinionsFans hoping to see Taylor Swift attend the Met Gala this year were left disappointed after the pop s ...
【opinions】
Read moreMore than 85,000 freight train trips connect China to Europe
opinionsThe cumulative volume of the China-Europe Railway Express had exceeded 85,000 trips, cctv.com report ...
【opinions】
Read moreTwo crews set for Tiangong station in '23
opinionsThis simulated image captured at the Jiuquan Satellite Launch Center on Nov 30, 2022 shows China's S ...
【opinions】
Read more
Popular articles
- Equestrian Beijing Masters to be held in October
- China Energy's massive hydropower station to open in March 2024
- Workers advanced carbon
- Autonomous driving vehicles start commercialized demonstration operation in S China
- Teacher Appreciation Week: Schools subsidize on
- Chinese firms rush to obtain global orders: experts
Latest articles
Joe Burrow is throwing again as the Bengals' franchise QB rehabs his surgically repaired wrist
A photovoltaic power station was built on the rooftop of a residential building in Zhengzhou
China's benchmark interbank gold prices higher Tuesday
The 134th Canton Fair attracted overseas purchasers for new energy vehicles
Liverpool get back on track with 4
Long March rocket prepares for take
LINKS
- Israel approves plan to attack Rafah but keeps truce hopes alive
- Coronavirus death toll in Italy surpasses China
- Tarata Road gravel fix plan raises ire of small Taranaki community
- HK records 1st virus death, toll over 420
- Interislander ferry upgrade: Finance Minister warns of cost blowout
- Coronavirus death toll in Italy surpasses China
- Nikki Haley Wins District of Columbia's Republican Primary, Gets Her First 2024 Victory
- Bill to Fund US Government Includes Money to Counter China in Pacific
- War a real threat and Europe not ready, warns Poland's PM
- HK records 1st virus death, toll over 420