WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance...
WASHINGTON — 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.
After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023. Yet so far this year, the index has remained stuck above the central bank’s target rate. More expensive gas and higher prices for restaurant meals, health care and auto repairs and insurance, among other items, have kept the overall pace of price increases elevated. With new-car prices up sharply in the past few years, auto repair and replacement costs have risen especially fast.
Deposit in your local currency and easily trade stocks and options around the world with IBKR GlobalTrader. Your capital is at risk.Reuters/Brendan McDermidA federal judge in New York upheld a defamation verdict against Donald Trump, keeping him on the hook for the $83 million he owes E. Jean Carroll, the writer who accused him of sexual assault.
Fact Check: Video Supposedly Shows Biden Trying to Shake Hands with a 'Ghost' on Stage. Here's the TruthCassidy Hutchinson also addressed the new indictment of her onetime boss, former Trump White House chief of staff Mark Meadows.Russian President Vladimir Putin has reminded prosecutors that seizing assets and turning them over to state ownership is only justified in cases where failing to act might jeopardise Russia's national security.
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