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US consumer price increases continued to accelerate last month, as reported by the government on Wednesday. The rise in consumer prices was primarily driven by higher costs for gas, rents, and car insurance. This persistent inflation is likely to influence the Federal Reserve's decisions on when and by how much to adjust interest rates this year.
Consumer price increases remained high last month, boosted by gas, rents, and car insurance, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year. https://t.co/qKYShd64ek
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, a scenario that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year. https://t.co/d9tLBCYwpa
US consumer inflation continued to accelerate last month, according to US government data published Wednesday, reducing the chances of an early interest rate cut from the Federal Reserve. https://t.co/jQ2YFJYt7m
