Fed's preferred inflation gauge shows price pressures stayed elevated last month
Friday, April 26th 2024, 2:01:20 pm
article
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid
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Institutional flows surged 54% above the weekly average, indicating strategic selling rather than retail panic....
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