( ) -q-24- UNDATED (Correspondent Jeremy House) “inflation is headed.” Consumer price increases remained high last month, boosted by gas, rents, and car insurance. [CutID: <Cuts> CPI-house-q-WEDam.mp3 Time: 24s Title: CPI-house-q-WEDam Out-cue: inflation is headed] TAG: Correspondent Jeremy House reporting. The March figures, the third straight month of inflation readings well above the Fed’s 2% […]
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US inflation up again in March in latest sign that price pressures remain elevated
( ) -q-24- UNDATED (Correspondent Jeremy House) “inflation is headed.”
Consumer price increases remained high last month, boosted by gas, rents, and car insurance.
[CutID: <Cuts> CPI-house-q-WEDam.mp3
Time: 24s
Title: CPI-house-q-WEDam
Out-cue: inflation is headed]
TAG: Correspondent Jeremy House reporting. The March figures, the third straight month of inflation readings well above the Fed’s 2% target, threaten to torpedo the prospect of multiple interest rate cuts this year.
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VERBATIM: Prices outside the volatile food and energy categories rose 0.4% from February to March. Measured from a year earlier, those core prices were up 3.8%. The report will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year. The Fed closely tracks core prices because they tend to provide a good read of where inflation is headed.