Fed's favorite inflation gauge putting it in a 'huge bind': Economics professor
, the inflation gauge jumped 6.6% in March from the previous year, beating out last month's measurement of 6.3% to become the fastest pace since 1981.
Fox News contributor and The King's College economics professor Brian Brenberg says the latest core inflation data puts pressure on the Fed to tighten rates even further. "That is a 40-year high. That is a real issue because, of course, that includes gas and food, which is what families buy, and that number continues to go higher," Brenberg said."The problem is the things that people need to buy, which we like to exclude from the core number, are going through the roof and they show no sign of stopping because what's happening in Russia and Ukraine directly hits fuel and food," the professor explained.
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