Fed's preferred inflation gauge shows price pressures stayed elevated last month

The Independent

Lean Left

Mixed Factuality

Individual: Evgeny Lebedev

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid