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Higher gas and rents keep U.S. inflation elevated, likely delaying Fed rate cuts

Higher gas and rents keep U.S. inflation elevated, likely delaying Fed rate cuts
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U.S. Inflation Up Again in March in Latest Sign That Price Pressures Remain Elevated

U.S. Inflation Up Again in March in Latest Sign That Price Pressures Remain Elevated
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Higher gas and rent keep US inflation elevated, likely delaying Fed rate cut

Gas prices surged 1.7% from February to March, while clothing costs increased by 0.7%. The average cost of auto insurance saw a significant jump of 2.6% last month and is up a 22% from a year ago

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Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts - WSVN 7News | Miami News, Weather, Sports

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts - WSVN 7News | Miami News, Weather, Sports
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Higher gas, rents keep U.S. inflation elevated, likely delaying Fed rate cuts – Indianapolis Business Journal

The March figures, the third straight month of inflation readings well above the Fed's 2% target, provide concerning evidence that inflation is stuck at an elevated level after having steadily dropped in the second half of 2023.

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