Rural Radio Network on Nostr: Inflation expected to have remained unchanged in February ========== The latest ...
Inflation expected to have remained unchanged in February
==========
The latest release from the U.S. Bureau of Labor Statistics is expected to show that consumer prices increased 3.1% over the year ending in February, leaving the annual inflation rate unchanged from the prior month. Core inflation is expected to have increased 3.7% over the year ending in February. The Federal Reserve is considering interest rate cuts but wants to see inflation fall lower before implementing them. The economy has largely defied expectations of a slowdown, with U.S. job gains exceeding expectations in February and the S&P 500 reaching a record high. However, consumer spending fell sharply in January and the housing market has slowed due to soaring mortgage rates. The average interest rate for a 30-year fixed mortgage has risen to 6.88% from an average of 3.76% in March 2022. The Fed remains committed to lowering inflation to its goal of 2%.
https://ruralradio.com/abc_news/inflation-expected-to-have-remained-unchanged-in-february-abcid786a3755/
==========
The latest release from the U.S. Bureau of Labor Statistics is expected to show that consumer prices increased 3.1% over the year ending in February, leaving the annual inflation rate unchanged from the prior month. Core inflation is expected to have increased 3.7% over the year ending in February. The Federal Reserve is considering interest rate cuts but wants to see inflation fall lower before implementing them. The economy has largely defied expectations of a slowdown, with U.S. job gains exceeding expectations in February and the S&P 500 reaching a record high. However, consumer spending fell sharply in January and the housing market has slowed due to soaring mortgage rates. The average interest rate for a 30-year fixed mortgage has risen to 6.88% from an average of 3.76% in March 2022. The Fed remains committed to lowering inflation to its goal of 2%.
https://ruralradio.com/abc_news/inflation-expected-to-have-remained-unchanged-in-february-abcid786a3755/