Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.

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The annual U.S. inflation rate climbed to 3.6%, confirming another sharp rise in prices last month. Despite this, the Federal Reserve temporarily paused its campaign against inflation. Its pause on rate hikes is unlikely to last long because the cost of living continues to rise and the central bank’s work remains unfinished.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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