4/26/2024
Fed’s Preferred Inflation Gauge Stubbornly High at 2.8%, Locking in Higher Rates
Inflation in the United States showed alarmingly little signs of cooling in March, according to the latest data on the Federal Reserve’s preferred price gauge released Friday. The stubbornly elevated readings essentially guarantee the U.S. central bank will need to keep interest rates higher for longer to fully constrain persistent price pressures.
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