Inflation in the United States rises again in March and reduces the likelihood of a reduction in rates

elfinancierocr.com

Inflation in the United States rises again in March and reduces the likelihood of a reduction in rates

US inflation resumed its upward trend in March, reaching 2.7% year-on-year, compared to 2.5% in February, but remained stable month-on-month at 0.3%, according to the PCE index (preferred by the Federal Reserve (Fed), released on Friday. The Department of Commerce's US report also noted that household incomes showed stronger growth in March than in February, 0.5% compared to 0.3%. However, spending growth was 0.8%, the same as the previous month…