Economic data released Friday showed rising wages, slowing inflation, and steady consumer spending ahead of a key Fed meeting. See potential bias and similarities in coverage from WSJ, USATODAY and FoxBusiness: Inflation FederalReserve
An inflation measure that’s watched closely by the Federal Reserve eased further last month in a development that could keep the central bank on track to pause its aggressive interest rate hikes.Consumer prices increased 4.
2% in March from a year earlier, slower than the 5.1% pace in February and the 40-year high of 7% in June thanks to lower food and energy prices, the Commerce Department said Friday. That’s the smallest annual gain since May 2021.
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