Current location:International Iterations news portal > travel
Fed's preferred inflation gauge shows price pressures stayed elevated last month
International Iterations news portal2024-04-27 09:02:00【travel】2People 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/jvc-gy-hm250hm250u-4k-ultra-hd-memory-card-professional-camcorder/
Very good!(39336)
Related articles
- Owner of exploding Michigan building arrested at airport while trying to leave US, authorities say
- Fukushima discharge case hearing begins
- Quan, Wang add two golds for China at diving World Cup in Berlin
- What they say on International Women's Day
- I have £300,000 invested in a pension
- Highlights of Xi and Putin's Talks in Russia
- Beijing slams Washington for spreading false info
- Africa seeks to make climate needs known on global stage
- Military veteran charged with attempting to make ricin to remain jailed
- Companies in Jinhua established photovoltaic power stations to aid carbon reduction
Popular articles
Recommended
Braves 2B Ozzie Albies activated from injured list ahead of series versus Guardians
Xi Jinping's Economic Thought Steers China Toward Modernity
Visa waiver to boost tourism in Malaysia
China's experience with gender equality shared at UN
Cackling non
Xi Signs Presidential Order to Appoint Li Qiang as Premier
New faces set to lead China
New energy projects cater to Xizang's power needs
Links
- China works to promote energy conservation, carbon reduction in construction industry
- Guest Opinion: Xi's message to Americans
- UN likely to vote on Gaza ceasefire, US signals veto
- Commentary: Overcoming zero
- Editor's Choice
- Xi Holds Talks with Surinamese President
- "Lanting" cultural salon in Auckland celebrates Chinese calligraphy, traditions
- Commentary: Washington should not treat Pacific Islands as its own backyard
- Commentary: Chinese economy ascending, not peaking
- Commentary: 2024 ushers in vibrant Chinese economy