Inflation cooled in March as the Federal Reserve's interest rate increases showed more impact, leading to a small headline increase in the consumer price index. Core CPI, which excludes food and energy, increased 5.6% from a year ago. The Fed is hoping that the slowdown it is trying to engineer in the labor market will not tip the economy into recession, but this is breaking news.
The post Inflation Rises just 0.1% in March and 5% from a year ago as Fed Rate Hikes take hold appeared first on Balanced News Summary.