US CPI jumps in March, Fed “relaxed”

13 April 2021

 

Summary: US CPI up solidly in March; just above expectations; “core” rate up, slightly more than expected; “early signs” of firming inflation components; headline rate again driven by higher fuel prices; financial markets “embracing” Fed rationale of “transitory effects”; New York Fed measure above 2%.   The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from...

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