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Federal Reserve minutes reveal that all 19 officials were bracing for another hot inflation read

Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported… ....

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AP Business SummaryBrief at 10:22 p.m. EDT

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

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Federal Reserve minutes: Some officials highlighted worsening inflation last month

By CHRISTOPHER RUGABER (AP Economics Writer) WASHINGTON (AP) — Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month. According to the minutes of the Fed’s March 19-20 meeting released Wednesday, all 19 officials generally agreed […] ....

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AP Business SummaryBrief at 10:58 p.m. EDT

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

New York , United States , White House , District Of Columbia , Pennsylvania State Police , San Antonio , Ed Bastian , Allen Weisselberg , Joe Biden , Simon Stiell , Donald Trump , United Nations , Federal Reserve , Delta Air Lines , European Union On , National Transportation Safety Board , Commerce Ministry , European Union , Trump Organization , President Joe Biden , Some Federal Reserve , Wall Street , Dow Jones Industrial Average , Retired Trump Organization , Air Lines , Pennsylvania State ,