The Fed’s Favorite Inflation Reading Spells Bad News For Interest Rate Cuts
The Federal Reserve’s preferred measure of inflation rose in April to an annual rate of 3.8%, according to a report from the Commerce Department published on Thursday. For the past three months, inflation has risen from 2.8% in February to 3.5% in March, and up to 3.8% in April. Part of the Federal Reserve’s mandate ...
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