A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades.
Core prices, which exclude the more volatile measurements of food and energy, soared by 5.2% in the year through March, according to the personal consumption expenditures price index data released Friday morning. That measurement is the Fed's preferred gauge to track inflation; it marks the 12th consecutive month the measure has been above the central bank's target range of 2%.
Including food and energy, the inflation gauge jumped 6.6% in March from the previous year, beating out last month's measurement of 6.3% to become the fastest pace since 1981. In the one-month period between February and March, core prices soared 0.3%, while the headline gain shot up by 0.9%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apr. 27: MarketWatch - What Will the Fed Have to Do to Get Inflation Back Under Control?Join Barron’s Live weekdays at noon, for timely and actionable insights tied to the coronavirus crisis. Dial-in to connect with top experts and our editors covering the outbreak, to hear the impact on markets, the economy, companies, real estate, and more. Session topics subject to change pending breaking news. Barron's senior managing editor Lauren R. Rublin, reporter Al Root and a special guest discuss the outlook for the aerospace industry.
Leer más »
Bridgewater’s Top Strategist Says Fed Has to Ramp Up Rate HikesRebecca Patterson has a message for Fed Chairman Jerome Powell: It’s time to get even more hawkish
Leer más »
What do a barrage of big Fed rate hikes mean for Americans' wallets?Federal Reserve Chairman Jerome Powell last week solidified expectations for a half-percentage point rate hike at the central bank's May meeting as officials look to tame red-hot inflation, a move that could have major implications for millions of U.S. households.
Leer más »
Fed up with inaction, bipartisan pair urges leaders to put more on the floorCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Leer más »
Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity MarketsA volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions. Get your market update from JMcQueenFX here:
Leer más »