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Higher gas and rents keep US inflation elevated | News

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the

United statesWhite houseDistrict of columbiaLorie loganJoe bidenJerome powellLaura rosner warburtonRaphael bosticKathy bostjancicFederal reserveFederal reserve bankPresident joe bidenWall streetMacropolicy perspectivesAtlanta fed

Higher gas and rents keep U S inflation elevated | Investment Executive

Figures from March will likely delay Fed rate cuts

United statesWhite houseDistrict of columbiaJoe bidenJerome powellLorie loganRaphael bosticKathy bostjancicLaura rosner warburtonFederal reserve bankPresident joe bidenWall streetMacropolicy perspectivesAtlanta fed

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.

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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

Interest rate cuts could be delayed by high gas, rent prices

The latest report will likely give pause to the Federal Reserve as it considers whether to cut interest rates.

White houseDistrict of columbiaUnited statesJerome powellJoe bidenKathy bostjancicFumio kishidaDerrick chubbsLaura rosner warburtonFederal reserveSecond harvest food bankRepublicans in congressPresident joe bidenWall streetJapanese prime minister fumio kishidaMacropolicy perspectives

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