Current location:International Iterations news portal > business
Fed's preferred inflation gauge shows price pressures stayed elevated last month
International Iterations news portal2024-04-27 10:44:59【business】5People 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://www.videocameralive.com/tag/brilliant/
Very good!(8726)
Related articles
- Flight attendant indicted in attempt to record teen girl in airplane bathroom
- Chris Packham joins eco
- Xi Says China to Cooperate with Micronesia on Infrastructure, Climate Change
- DAILY MAIL COMMENT: Will Rayner now tell the whole truth?
- Humza Yousaf 'cancels speech' as he desperately battles to stave off confidence vote
- Passenger flow at Urumqi Station surges during the Spring Festival travel rush
- Xi, Lula Send Congratulatory Letters to Seminar Involving CPC, Workers' Party of Brazil
- Chinese books on display at Paris Book Festival 2024
- Biden administration postpones ban on menthol
- Hangzhou Asian Games opening new, inspiring chapter for China's sports undertaking
Popular articles
Recommended
Shocking moment Las Vegas substitute teacher, 27, brawls with student 'who called him the n
Anqing developed agriculture and ecological breeding industries to expand income
2023 sees U.S. politics awash with chaos
Guest Opinion: People
Rise of the PRE
GT Voice: US Treasury yield signals economy in ‘vicious cycle’
To ‘counter coercion,’ EU must first recognize ‘real coercion’
Xi Focus: Xi Jinping Meets Ma Ying
Links
- Spring gala held in Hong Kong
- Xi Meets Greek Prime Minister
- Xi Meets Greek Prime Minister
- World Intelligent Manufacturing Conference 2023 opens in Nanjing
- 10 Years on, BRI Pioneers High
- Country set to step up R&D of future
- Cruise ship industry poised for new golden era
- Multilingual Alipay to enhance foreigners' e
- How China's new energy competitiveness becomes its new sin
- Dubai commodities center attracts more Chinese firms