Wednesday, April 10, 2024

March 2024 CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts

Article Title: CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts
Snippet of Article: "The consumer price index climbed 3.5% year over year in March, according to data released today by the Bureau of Labor Statistics, faster than February's 3.2% pace. Economists surveyed by FactSet had expected an annual increase of 3.4%. The strong pace was driven by upticks in the cost of housing and gasoline. Core inflation came in at 3.8% year over year in March..."


Source: www.barrons.com

[tag] Why does inflation always rise under the Democrat Party rule, Bidenomics, [/tag]