Current location:health >>
Fed's preferred inflation gauge shows price pressures stayed elevated last month
health33People 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.“Global Gist news portal”。http://guatemala.arnoldview.org/article-0d199809.html
Related articles
Osaka plays solidly in her opening match at the Italian Open. Darderi eliminates Shapovalov
healthROME (AP) — Naomi Osaka looked comfortable in her opening match at the Italian Open, beating 45th-ra ...
【health】
Read moreLarrañaga, Kruger, Dunphy and Nolan to be honored with Joe Lapchick Character Award
healthNEW YORK (AP) — Jim Larrañaga, Lon Kruger, Fran Dunphy and Dianne Nolan are this year’s recipients o ...
【health】
Read moreTrump Media fires auditing firm that US regulators have charged with 'massive fraud'
healthNEW YORK (AP) — Trump Media and Technology Group, the owner of social networking site Truth Social, ...
【health】
Read more
Popular articles
- Families of the victims of attacks on displaced people in Congo mourn their dead
- Atalanta comes from behind to beat Salernitana and improve Champions League chances
- Nutrition experts add traffic light health labels to famous food paintings
- RuPaul's Drag Race Australia judge Rhys Nicholson lists unique Coburg townhouse for $850K
- Prada focuses generational transition on artisans, expanding production and workforce in Italy
- Trump hush money trial: Prosecutors move deeper into ex
Latest articles
Students at the Queen's University Belfast stage sit
Los Angeles hotel famous for Pretty Woman goes Back To The Future
Boca Raton's most expensive waterfront property sold for $40M
Coach Amorim vows to stay with Sporting Lisbon after winning another Portuguese league
Eurovision 2024 semi
Tampa Bay Rays reinstate outfielder Josh Lowe from the 10
LINKS
- Virginia lawmakers set to take up Youngkin's proposed amendments, vetoes in reconvened session
- Brian Austin Green says he's learned to 'pick his battles' while co
- Paul McCartney's psychedelic Wings 1972 double
- Lynn earns his first win in second stint with Cards, who beat A's before season
- Reynaldo López pitches 6 scoreless innings, Braves beat Astros 6
- The Taliban suspend two TV stations in Afghanistan for neglecting Islamic and national values
- Guerrero has 2 RBIs as Blue Jays win 5
- José Ramírez gets key hit to help the Guardians beat the Red Sox 10
- UK inflation falls to lowest level since late 2021 as food prices ease further
- Taylor Swift fans are scammed out of more than £1 million by ticket fraudsters