FED's core personal consumption expenditures price index increased 0.3% in March, with a 2.8% yearly rise, indicating sustained inflation pressure.
The Federal Reserve's core personal consumption expenditures price index, a key inflation measure, increased 0.3% in March, and 2.8% year-over-year, reflecting ongoing price pressures that may postpone any interest rate cuts. Consumer prices in the US also rose by 0.3% in March, meeting economist estimates, while the annual rate of consumer price growth accelerated to 2.7% from 2.5%. Core consumer prices remained unchanged at 2.8%.
April 26, 2024
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