Voters say they care about inflation more than Gaza Today s numbers should worry Biden independent.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.co.uk Daily Mail and Mail on Sunday newspapers.
Observations on the 2024 Unfunded Priority Lists | American Enterprise Institute aei.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aei.org Daily Mail and Mail on Sunday newspapers.
U.S. inflation continued to outpace expectations in February as prices on consumer goods and services inched up .4% from the previous month and 3.2% from the same time last year, according to a federal report released Tuesday. The main culprits behind the uptick, according to Labor Department’s Consumer Price Index Summary for February, are energy prices and the cost of shelter. Changes in the cost of shelter have an outsize impact on the consumer price index as the metric accounts for about one-third of the overall rate.
A Tuesday Labor Department report finds U.S. inflation was up .4% in February from the previous month and hit an annual rate of 3.2%, with both upticks outpacing economists' expectations. The new data is likely to bolster the Federal Reserve's wait-and-see approach to reducing its benchmark interest rates, which remain at the highest level in decades.