Fed faces ‘soft deadline’ for rate cuts as inflation progress stalls
11/4/2024 6:18
The bump in the Federal Reserve’s path to lower inflation is looking more like a roadblock, throwing into doubt its plans for interest-rate cuts this year.
The figures out Wednesday mark the third-straight month in which a key gauge of US inflation exceeded economists’ expectations. Consumer prices excluding food and energy climbed 0.4% from February and 3.8% from a year earlier, the same as the month prior.
Source: Bloomberg
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