U.S. Inflation: Hotter March CPI Puts Fed in a “Sticky” Situation
https://www.lordabbett.com/en-us/institutional-investor/insights/markets-and-economy/u-s--inflation-hotter-march-cpi-puts-fed-in-a--sticky--situation.html
WEBApr 11, 2024 · The core CPI has flattened out at 3.5%+ annualized rate over the three-, six-, and 12-month trailing periods. With no downward trend evident, that’s far too rapid a pace for the Federal Open Market Committee (FOMC), the policy-setting arm of the U.S. Federal Reserve (Fed), to cut interest rates and encourage even easier financial conditions.
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