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US inflation remains elevated, driven by gas, rents | Personal Finance

The latest figures on consumer prices threaten to torpedo the prospect of multiple interest rate cuts from the Federal Reserve this year.

White houseDistrict of columbiaUnited statesJoe bidenKathy bostjancicLaura rosner warburtonDerrick chubbsJerome powellSecond harvest food bankFederal reserveRepublicans in congressPresident joe bidenWall streetMacropolicy perspectivesCentral florida

Higher Gas And Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts – 710am KURV

Higher Gas And Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts – 710am KURV
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White houseDistrict of columbiaUnited statesJoe bidenKathy bostjancicLaura rosner warburtonJerome powellDerrick chubbsJosh boakSecond harvest food bankFederal reserveRepublicans in congressPresident joe bidenWall streetMacropolicy perspectivesCentral florida

Gas, rent fuel inflation Bye-bye rate cuts?

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items.

White houseDistrict of columbiaUnited statesJoe bidenLaura rosner warburtonJerome powellKathy bostjancicDerrick chubbsRepublicans in congressSecond harvest food bankFederal reservePresident joe bidenWall streetMacropolicy perspectivesCentral florida

Higher gas, rents prop up inflation, likely delaying Fed rate cuts

Prices outside the volatile food and energy categories rose 0.4% from February to March, the same accelerated pace as in the previous month.

United statesWhite houseDistrict of columbiaKathy bostjancicLaura rosner warburtonJerome powellDerrick chubbsJoe bidenSecond harvest food bankFederal reserveRepublicans in congressPresident joe bidenWall streetMacropolicy perspectivesCentral florida

Consumer Inflation Remains Elevated, Likely Delaying Fed Rate Cuts

The figures reflected a third straight month of inflation readings well above the Fed s 2% target.

United statesWhite houseDistrict of columbiaKathy bostjancicLaura rosner warburtonJoe bidenJerome powellDerrick chubbsSecond harvest food bankRepublicans in congressFederal reservePresident joe bidenWall streetMacropolicy perspectivesCentral florida