The 'supercore' inflation measure shows Fed may have a real problem on its hands
Publishing timestamp: 2024-04-11 07:20:38
Summary
Markets are closely watching the supercore inflation reading, which excludes shelter and rent costs, as it has been rising significantly. The Federal Reserve is facing challenges in bringing down inflation, especially in services prices, which are not as sensitive to tighter monetary policy. Analysts have differing opinions on the possibility of rate hikes in the future.
Sentiment: MIXED
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