Your current location:HOME >sport >Fed's preferred inflation gauge shows price pressures stayed elevated last month 正文
TIME:2024-04-27 10:35:53 Source: Internet compilationEdit:sport
WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortab
WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed’s 2% inflation target. Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February.
After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023. Yet so far this year, the index has remained stuck above the central bank’s target rate. More expensive gas and higher prices for restaurant meals, health care and auto repairs and insurance, among other items, have kept the overall pace of price increases elevated.
I went blind in one eye after having false lashes fitted while wearing contact lenses2024-04-27 10:17
U.S. Students Participate in China Education Tour in Sichuan, SW China2024-04-27 10:14
InPics: China Welcomes Return of CPV Soldiers' Remains for 10 Consecutive Years2024-04-27 09:58
Palestinian death toll from Israeli attacks on Gaza rises to 32,2262024-04-27 09:45
Slavia Prague fined $93,000 for crowd violence at Europa League game2024-04-27 09:35
China Holds State Commemoration for Nanjing Massacre Victims2024-04-27 08:43
Southwest University to Conduct Study to Assist Children's Development in Remote Areas2024-04-27 08:38
China Holds State Commemoration for Nanjing Massacre Victims2024-04-27 08:21
A California bill aiming to ban confidentiality agreements when negotiating legislation fails2024-04-27 08:19
40 Percent More Elderly Covered by Public Healthcare Services2024-04-27 07:54
At least 15 people died in Texas after medics injected sedatives during encounters with police2024-04-27 10:25
China's New Visa2024-04-27 10:24
Key Meeting Outlines China's Tasks for 2024 Rural Development2024-04-27 10:19
Wondrous Xinjiang: Plum Farming Thrives with New Tech2024-04-27 10:01
Moment RAF Typhoon unleashes laser2024-04-27 09:57
Scenic Area Opens to Promote Night Economy in Xinjiang2024-04-27 09:22
Traditional Ethnic Culture Emphasized on Campus in S China's Guangxi2024-04-27 08:59
Animation Featuring China's Sanxingdui Culture Set to Hit Big Screen2024-04-27 08:55
Chasing ‘Twisters’ and collaborating with ‘tornado fanatic’ Steven Spielberg2024-04-27 08:43
Scenic Area Opens to Promote Night Economy in Xinjiang2024-04-27 08:14