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An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture "core" inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a report Friday from the Commerce Department.
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The Federal Reserve faces a key decision this week that could determine if the economy goes into a recession—whether this week’s widely-expected rate hike will be its last.
An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture "core" inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a report Friday from the Commerce Department.
Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
WASHINGTON — Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time…