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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. Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the ...
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Strong economic growth and elevated inflation is putting upward pressure on bond yields and that will put downward pressure on the economy at a time when stocks reflect a strong economy. A strong US economy has become the consensus expectation: the Bloomberg US 2024 consensus forecast is that the US economy will grow by 2.4% and that consumer prices will ...
Sessions