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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
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Higher gas and rents keep U S inflation elevated | Investment Executive
Figures from March will likely delay Fed rate cuts
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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.
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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.
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