Your current location:HOME >health >Fed's preferred inflation gauge shows price pressures stayed elevated last month 正文
TIME:2024-05-08 19:50:09 Source: Internet compilationEdit:health
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.
How a stem cell transplant could help to stop epilepsy seizures2024-05-08 19:49
China's Xizang dubs 108 films into Tibetan language in 20232024-05-08 19:33
Lucy Hamilton: Connecting cultures through the power of poetry2024-05-08 18:49
Tokyo International Film Festival kicks off as China's Zhang Yimou wins lifetime award2024-05-08 18:48
Met Gala no2024-05-08 18:46
Street dance in China2024-05-08 18:41
2023, my memories of China2024-05-08 18:38
Ancient tombs excavated in Guangzhou2024-05-08 18:27
China Cruise Shipping Conference opens in Shenzhen2024-05-08 17:57
Native American2024-05-08 17:36
Wilson wins first2024-05-08 19:16
Prince Harry opts for a 'quiet luxury' style in a grey T2024-05-08 19:09
Prince Harry opts for a 'quiet luxury' style in a grey T2024-05-08 19:02
3rd Indonesia Shenmo Cup Int'l Abacus Mental Arithmetic Competition kicks off2024-05-08 18:20
Met Gala 2024: Rita Ora goes nude in a barely2024-05-08 18:09
InPics: People celebrate Laba Festival in Beijing2024-05-08 17:53
Suns skip play2024-05-08 17:49
Zambia to sensitize locals to China2024-05-08 17:21
Texas woman, 34, gives birth to '15million to one' identical QUADRUPLETS2024-05-08 17:19
Chinese artworks exhibited at National Gallery of Thailand2024-05-08 17:17