The US Labor Department says the consumer price index in March rose 3.5 percent, before seasonal adjustment, from a year earlier.
It was the second month in a row in which the rate of increase was higher than the previous month.
US Federal Reserve Chair Jerome Powell has repeatedly said that the central bank was in no hurry to cut interest rates.
Observers say they are waiting to see what decision the Fed will make on its policy, following the latest data.
It was the second month in a row in which the rate of increase was higher than the previous month.
US Federal Reserve Chair Jerome Powell has repeatedly said that the central bank was in no hurry to cut interest rates.
Observers say they are waiting to see what decision the Fed will make on its policy, following the latest data.
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Summary
US consumer price index increased by 3.5% year-over-year in March, marking the second consecutive month of higher rate hikes compared to the previous month. The Federal Reserve Chair, Jerome Powell, has expressed no immediate intention to reduce interest rates. Observers are awaiting the Fed's
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ID: 8009740e-97e0-47fb-bb1b-18efcc836147
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240411_01/
Date: April 11, 2024
Created: 2024/04/11 06:30
Updated: 2025/12/08 15:20
Last Read: 2024/04/12 15:18