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Surging inflation fears sent markets tumbling and Fed officials scrambling
By Jeff Cox
Top news
Hot Inflation Report Derails Case for Fed June Rate Cut
By Nick Timiraos & Sam Goldfarb
Consumer prices rose 3.5% from a year ago in March, more than expected
By Jeff Cox
The idea that US interest rates will stay higher for longer is probably wrong
By Alan Shipman
Bidenflation Soars To 18.8%, Squeezing Americans
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Formerly Twitter
Jason Furman
jasonfurman
The CPI-based Ecumenical Underlying Inflation measure was 3.5% in April, up from 3.3% in February and 3.4% in March. Although it is normalized to be equivalent to the PCE has been running (unusually) ~50bp higher than PCE.
Is the median of 7 measures over 3, 6 and 12 months. pic.twitter.com/Tdy7aWTZnL
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Jason Furman
jasonfurman
Forecasters got this month exactly right. Monthly core CPI inflation rate eased off a little from the last few months but still high.
Annual rates:
1 month: 3.6%
3 months: 4.1%
6 months: 4.0%
12 months: 3.6% pic.twitter.com/hZd28wVH9W
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Liz Ann Sonders
LizAnnSonders
“Supercore” CPI #inflation (core services ex-housing) saw year/year rate move up to +4.9% in April pic.twitter.com/qbH5zzhnm8
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Liz Ann Sonders
LizAnnSonders
3-month annualized change in core CPI #inflation eased to +4.1% in April pic.twitter.com/WibIMa8wxp
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All coverage
Stubbornly high US inflation grew stronger than expected in March
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