US Fed’s favoured inflation measure accelerates in March
Malay Mail Online - Money·2024-04-27 05:01
WASHINGTON, April 26 — The US central bank’s favoured measure of inflation accelerated last month, according to government data published today, pushing back the chances of interest rate cuts this summer.
The hotter print is likely to cement the view that inflation, while down sharply since 2022, remains a challenge, keeping rates on pause at their current elevated levels for the time being.
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