inflation, March and tariffs
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CNN |
Inflation slowed sharply in March, new data showed Thursday, and in any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging.
The Financial Times |
US consumer price inflation rose at an annual rate of 2.4 per cent in March, below expectations of a 2.6 per cent increase
MarketWatch |
Treasury yields drop after soft CPI with 30-year auction due.
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The Labor Department on Thursday released the March consumer price index (CPI) report, which showed inflation rose at a slightly slower pace last month, though it remains above the Fed's goal.
US inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures.
German inflation eased to 2.3% in March, the federal statistics office said on Friday, confirming preliminary data.
President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.
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9hon MSN
Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday's consumer price index report,
Higher-than-expected tariffs would "very likely" raise both unemployment and inflation, Dallas Federal Reserve President Lorie Logan said on Thursday in remarks that made clear her most immediate concern is keeping inflation,
Consumer price increases likely slowed in March due to cheaper gas, but forecasters don't expect the low inflation to survive President Donald Trump's tariff spree.