US inflation increased last month due to rising fuel costs, reversing some recent progress.
US inflation increased last month, reversing some recent progress due to rising fuel costs. The Federal Reserve's preferred inflation gauge edged up, while another gauge excluding volatile food and energy prices continued to ease. US Federal Reserve Chair Jerome Powell stated that the data aligns with expectations and the bank remains on course towards its long-term target of two percent inflation.
March 29, 2024
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