US Inflation Rises to 3.5%, Higher Than Expectations
The US Inflation Data has arrived for March, with the figure increasing to 3.%, which was higher than many expected. Indeed, the outcome has resulted in the second straight month of increasing inflation. Moreover, it greatly reduces the potential for interest rate cuts from the Federal Reserve. The Bureau of Labor Statistics reported that inflation has increased from 3.2% in February. Now, all eyes are on how the Federal Reserve will respond to the news. Specifically, the markets will be seeking to get insight from Fed chair Jerome Powell regarding the direction that the Central Bank will take the interest rate conversation. BREAKING: US inflation rises to 3.5%, higher than expectations. — Watcher.Guru (@WatcherGuru) April 10, 2024 Also Read: US Economy: What Will Happen If the Federal Reserve Doesn’t Cut Rates Soon? US Inflation Rises Yet Again, Reaching 3.5% For the United States economy, combating a rising inflation rate has been the Federal Reserve...