Inflation was hotter than expected in March, continuing a trend we’ve seen in recent months, as rising energy and shelter costs added to pricing pressure. While annual inflation still remains well below the peaks seen in 2022, these stubbornly high inflation readings could delay the Fed’s timing for rate cuts this year.
Tags: cpi
Inflation was hotter than expected last month, due in large part to rising shelter costs. However, annual Core CPI (which removes food and energy prices) came in at 3.9%, well below the 2022 peak of 6.6% and below 4% for the first time in over 2 years. Will the Fed see this as enough progress… Read more