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US Core Inflation Remains Strong Despite Flat Consumer Spending in March.

1 min read
Source: Reuters
US Core Inflation Remains Strong Despite Flat Consumer Spending in March.
Photo: Reuters
TL;DR

US consumer spending remained unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month. The unchanged reading in consumer spending last month followed a downwardly revised 0.1% gain in February. The economy is facing several headwinds, including higher interest rates as the Fed fights inflation, and tightening credit conditions, which could crimp both consumer and business spending.

Topics:businesseconomy#economy#federal-reserve#inflation#interest-rates#snap#us-consumer-spending
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  1. US consumer spending flat in March; core inflation still strong  Reuters
  2. The Fed's favorite inflation measure cooled again in March  CNN
  3. Inflation Cooled in March, but Stubborn Price Increases Remain  The New York Times
  4. Key inflation gauge for the Fed rose 0.3% in March as expected  CNBC
  5. A key inflation gauge tracked by Fed remained high in March  msnNOW

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