Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
JPMorgan Chase chief Jamie Dimon warned that U.S. interest rates could increase over 8% in the next few years, with record toppling U.S. debt has made it complicated to keep inflation down.
Gold prices extended to another record high on Monday, with expected U.S. interest rate cuts.
According to federal data, inflation increased in February, as measured by the gauge favored by the Federal Reserve, rising one-tenth of a percentage point from the previous reading.
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
The Federal Reserve decides not to cut interests anytime soon. One America’s Nathaniel Mannor has more.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
The Federal Reserve decided to hold interest rates steady today, continuing its ongoing effort to bring inflation down.