BREAKING: An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest 12-month reading in four decades, further evidence that surging prices are pressuring budgets and the health of the economy.
Still, inflation is eroding Americans’ purchasing power and leading the Federal Reserve to plan a series of sharp interest rates hikes in the coming months.
Still, inflation remains chronically high, and Americans are taking an increasingly negative view of the economy as a result. About one-third of respondents to a Gallup poll, released Thursday, cited inflation as the most important financial problem their family faces today, up from fewer than one in 10 who said so a year ago.
Even so, consumers and businesses increased their spending at a solid pace in the January-March quarter, even after adjusting for inflation, a sign that the economy is much healthier than Thursday’s dismal figure for the nation’s gross domestic product suggested.How consumers respond to inflated prices — and much higher interest rates from the Federal Reserve — is one of the unknowns facing the economy this year.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apple reports best March quarter ever with new records for iPhone and MacBut iPad sales were down slightly compared to a year ago.
Leer más »
Services shine in Apple's record March quarter | Digital TrendsApple has reported its best financial figures for the March quarter, raking in a colossal $97.3 billion for the three-month period ending March 26.
Leer más »
Officers arrest suspect wanted for fatally shooting Mid-City man walking dog in MarchMarcos Sandoval was walking his dog in the early morning on March 12 when he was fatally shot by an unknown individual. Over a month later, LAPD officers appear to have located the suspect in Texas.
Leer más »
UK car production falls 44.4% in March; quarterly figure plummets | AutocarTotal number of new cars produced in first quarter of the year fell by almost 100,000 from 2021 level
Leer más »
US: Pending Home Sales fall by 1.2% in March, less than the 1.6% expected dropUS Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the Nati
Leer más »