US Inflation Cools in March, but Stubborn Price Increases Persist
TL;DR Summary
The Personal Consumption Expenditures index climbed by 4.2 percent in the year through March, down notably from 5.1 percent in the year through February. But after stripping out food and fuel prices, a closely watched “core” index held nearly steady last month. The data provide further evidence that inflation is moderating, but that the process remains bumpy and could take a long time to fully play out. The Fed officials are widely expected to raise rates by a quarter percentage point to just above 5 percent.
Topics:business#banking-sector#economy#federal-reserve#inflation#interest-rates#personal-consumption-expenditures
- Inflation Cooled in March, but Stubborn Price Increases Remain The New York Times
- The Fed's favorite inflation measure cooled again in March CNN
- Key inflation gauge for the Fed rose 0.3% in March as expected CNBC
- Consumer spending flattens out in the early spring as the economy softens MarketWatch
- US PCE Inflation Stays Brisk While Consumer Spending Stalls Bloomberg
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