Browsing: Economy

Economy

Annual inflation fell for the ninth consecutive month in March, dropping from 6.0% in February to 5.0% in March. It is now at its lowest level since May 2021. Shelter costs, a lagging indicator, continued to rise but were offset by deflation in energy prices (not shown) and some moderate disinflation in food prices. However, annual core CPI inflation (excl. food and energy) ticked up from 5.5% last month to 5.6% in March.

Economy Fed’s Goolsbee urges caution on raising rates

Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential “financial headwinds”—such as tighter credit conditions—following the closures of Silicon Valley Bank and Signature Bank, Chicago Fed President Austan Goolsbee said.

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