The Fed’s preferred inflation gauge just moved in the wrong direction
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Fed's Preferred Inflation Gauge Shows Price Pressures Stayed Elevated Last Month
WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in
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Fed’s Preferred Inflation Gauge Shows Price Pressures Stayed Elevated Last Month
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 […]