tldrdailynews.com logo

US Inflation Cools in March, but Stubborn Price Increases Persist

1 min read
Source: The New York Times
US Inflation Cools in March, but Stubborn Price Increases Persist
Photo: The New York Times
TL;DR

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:businesseconomy#banking-sector#economy#federal-reserve#inflation#interest-rates#personal-consumption-expenditures
Share this article
  1. Inflation Cooled in March, but Stubborn Price Increases Remain  The New York Times
  2. The Fed's favorite inflation measure cooled again in March  CNN
  3. Key inflation gauge for the Fed rose 0.3% in March as expected  CNBC
  4. Consumer spending flattens out in the early spring as the economy softens  MarketWatch
  5. US PCE Inflation Stays Brisk While Consumer Spending Stalls  Bloomberg

Want the full story? Read the original reporting

Read on The New York Times