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tradingeconomics.com
Annual inflation rate in the US accelerated for a second straight month to 3.5% in March 2024, the highest since September, compared to 3.2% in February and forecasts of 3.4%. Energy costs rose 2.1% (vs -1.9% in February), with gasoline increasing 1.3% (vs -3.9%) while utility gas service (-3.2% vs -8.8%) and fuel oil (-3.7% vs -5.4%) fell less. Also, inflation steadied for food (2.2%) and shelter
The S&P 500 and Nasdaq reached new record highs on Friday, driven by a tech rally as concerns lessened regarding the Federal Reserve delaying interest rate cuts. The latest ISM data revealed that factory activity contracted more than anticipated in February, and the Michigan consumer sentiment was sharply revised downward. The PCE inflation report provided some relief on inflationary pressures, wh
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