Inflation Continues to Climb (Paul Krugman Hardest Hit)
Source: hotair.com
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Progress on inflation is moving in the wrong direction.
The consumer price index for March came in hotter-than-expected, dashing hopes that the Federal Reserve would cut interest rates in June.
EUR/USD went into a consolidation phase near 1.0850 after closing in positive territory on Monday.
The mean perceived probability of losing one’s job in the next 12 months rose to 15.7% in March, the highest reading since September 2020, the New York Fed said.