The Consumer Price Index climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday. In the 12 months through March, the CPI increased 5.0%, the smallest year-on-year gain since May 2021. The CPI rose 6.0% on a year-on-year basis in February.
Gasoline prices are likely to rebound in the months ahead after Saudi Arabia and other OPEC+ oil producers early this month announced further oil output cuts.The inflation data came on the heels of last, which showed a solid pace of job growth in March and the unemployment rate falling back to 3.5%. Financial markets are leaning toward the U.S. central bank increasing rates by another 25 basis points at the May 2-3 policy meeting, according to CME Group's FedWatch tool.
Excluding the volatile food and energy components, the CPI increased 0.4% last month after rising 0.5% in February. Sticky rents continued to drive the so-called core CPI.
Considerably slower than previously though. Have to celebrate the wins
Don't you love the term inflation? Your money is not worth anything. You're 30 trillion in debt. Of course we don't actually know that since it's illegal to audit the company that says we owe it. 🤦🙏 Audit the Fed, then we can discuss further action. Otherwise it's all a joke.
Hope the price goes down. stress will be reduced
I Think NDTV and CNN , BBC got lots money from CCP CHINA 🇨🇳
At least they have jobs
Final 25bp hike in May, followed by rapid rate cuts.
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