"Fed Mouthpiece": So far this year, only the core CPI in March is higher than the same period last year
"Fed Mouthpiece" Nick Timiraos analyzes US inflation: Questions about remaining seasonality remain. Some say the mild trend in the second half of 2023 is an outlier and inflation has not yet been curbed. Others say the hot data in the first quarter of 2024 is an outlier, interrupting a series of readings close to the inflation target that began last summer. Since April, inflation has been close to pre-epidemic levels. So far this year, except for March, the core inflation rate has been lower than the same period last year.
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