Page 39 - Greg Mcbride News Today

 

(CNN) — Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to<a class="excerpt-read-more" href="https://whdh.com/news/stubbornly-high-us-inflation-grew-stronger-than-expected-in-march/">Read More</a>

The odds of a June Fed rate cut have been completely wiped off of the table, according to the CME FedWatch tool.

Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans prolonged and painful battle with high costs.

With inflation reaccelerating, investors “can kiss a June rate cut goodbye,” said Greg McBride, chief financial analyst at Bankrate.

"You can kiss a June interest rate cut goodbye," one analyst said of the latest CPI numbers showing stubborn inflation.

US consumer inflation continued to accelerate last month, according to government data, reducing the chances of an early interest rate cut.

(Bloomberg) — Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal Reserve will be in no rush to cut rates this year. Oil climbed as geopolitical jitters resurfaced. Equities extended their April losses, with the S&P 500 down about 1% as the consumer price index beat forecasts for…

US consumer inflation continued to accelerate last month, according to government data published Wednesday, reducing the chances of an early interest rate cut f

Wall Street traders sent stocks and bonds sliding after another hotter-than-estimated inflation report signaled the Federal Reserve will be in no rush to cut interest rates this year.