Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
PBS
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A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
PCE inflation hits 3-year high
- Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war NY Post —
- US economy grows 2% as layoffs plunge to 55-year low, inflation lingers NY Post —
- Inflation rose to 3.5% in March in Fed’s preferred gauge because of Iran war fallout Washington Examiner —
- Inflation hits nearly 3-year high as gas prices spike 21% in one month Scripps News —
- U.S. economy grew 2% from January-March, but Iran war clouds outlook PBS —