Consumer prices rose 6% in February compared to a year ago, marking the eighth consecutive month of smaller price hikes, government data showed.
expect consumer prices to have risen 5.1% in March compared to a year ago, which would mark the lowest reading in almost two years.
However, the economists also forecast that consumer prices will show a monthly gain of 0.4%, complicating a smooth downward path to normal price levels. Inflation has fallen significantly from a summer peak, though it remains triple the Fed's target of 2%.the value of bonds held by Silicon Valley Bank, precipitating its failure and cascading damage for the financial sector.
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, D.C., March 22, 2023.last seen in the 1980s, the Fed aims to slash price hikes by slowing the economy and choking off demand. The approach, however, risks tipping the U.S. economy into a recession.Nearly 190 banks are at risk of collapse amid high interest rates and declining asset values, according to aMeanwhile, the U.S.
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