Three Straight Months of Above Forecast Inflation
May 17, 2024 at 09:30 AM EDT
This week the Labor Department released April data for producer and consumer prices. The headline numbers were in line with expectations, with PPI rising 2.2 percent and CPI rising 3.4 percent year over year. This is a small step in the right direction for the Fed following three straight months of above-expected inflation. Interest rate [...] The post Three Straight Months of Above Forecast Inflation appeared first on ETF Trends .
