US inflation has surged beyond expectations in March, according to the latest data from the Bureau of Labor Statistics. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year, exceeding economist forecasts. This unexpected increase complicates the Federal Reserve's monetary policy decisions, with investors now anticipating fewer rate cuts this year. Notable contributors to the inflationary pressures include rising shelter and energy prices. Stay tuned for updates as analysts assess the implications for the Fed's next moves.
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