Published 04/29/2023 7:30:00 p.m.

Inflation pressures remain persistent as consumers pull back

Summary by Ground News

Paychecks grew 5.1 percent in the first quarter compared with a year ago, before adjusting for inflation. The Fed regards wage increases above roughly 3.5 percent as too high for it to reach its 2 percent inflation target. If, as expected, the Fed raises its benchmark rate next week by a quarter-point, it would reach 5. 1 percent, the highest level in 17 years.

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Associated Press News

Inflation pressures remain persistent as consumers pull back

Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last

04/28/2023 12:41:46 p.m.·United States

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abc News

Inflation pressures remain persistent as consumers pull back

04/28/2023 12:41:25 p.m.·United States

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Washington Times

Inflation pressures remain persistent as consumers pull back

04/29/2023 12:28:41 p.m.·United States

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Coast Reporter

Inflation pressures remain persistent as consumers pull back

WASHINGTON (AP) — Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.

04/29/2023 11:47:55 a.m.·Sechelt, Canada

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Washington Top News

Inflation pressures remain persistent as consumers pull back

A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year.

04/29/2023 7:30:00 p.m.·Washington, United States

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News 4 JAX

Inflation pressures remain persistent as consumers pull back

Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation. An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture “core” inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a report Friday from the Commerce Departme…

04/29/2023 11:46:31 a.m.·Jacksonville, United States

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