Inflation rose to 3.5% in March in Fed’s preferred gauge because of Iran war fallout
Inflation jumped seven tenths of a percentage point to 3.5% for the year ending in March in the personal consumption expenditures index, the Bureau of Labor Statistics reported Thursday. The surge in energy prices from the conflict with Iran drove much of the increase in headline inflation. WARSH NOMINATION ADVANCES AFTER TILLIS BLOCKADE ENDS The […]
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