US inflation rises due to increased gasoline and rental costs, potentially delaying Fed interest rate cuts.
US inflation continues to rise due to increased gasoline and rental property costs, potentially delaying Federal Reserve interest rate cuts. March's consumer-level inflation report revealed gas prices up 30.3% year-over-year, and rent up 5.3%. These factors may lead the Fed to cautiously decide on rate cuts, aiming to avoid worsening the current high inflation situation.
April 10, 2024
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