Another hot inflation reading fans fears Fed will push back rate cuts

Another hotter-than-expected inflation reading is fueling investor fears that the Federal Reserve will have to push back the number and timing of interest rate cuts this year.

The Consumer Price Index (CPI) rose 3.5% over the prior year in March, an acceleration from February’s 3.2% annual gain in prices and more than economists expected.

The year-over-year change in the so-called “core” CPI — which excludes volatile food and energy prices — was 3.8%, which was the same level as February but a tenth of a percent higher than expected.

Jennifer Schonberger | Yahoo Finance

Related News

Browse By Category


Send Us A Message