Yazar: Dhirendra Tripathi
Investing.com – The US rose 0.6% in March from the previous month. Consumers receiving cash support from the $ 1.9 trillion incentive turned to more durable goods and groceries.
On an annual basis, the index saw the biggest increase since August 2018, with an increase of 2.6%.
Excluding food and energy costs, it rose 0.3% in March and 1.6% compared to the same month last year.
Increase in inflation was something to be expected. The United States and the rest of the world were trying to digest the impact of the epidemic in March last year – and eventually it was a disaster for many countries and millions of people.
Governments and central banks around the world offered the unprecedented money supply needed for inflation to rise. However, with employment below desired levels and the effects of the epidemic still fresh, inflation is at a good level under the watchful eyes of the Fed.
Fed officials expect GDP to grow by 6.5% this year – the fastest increase since 1984.
Chairman Jerome Powell has ruled out the option to raise interest rates for the foreseeable future.
This has not persuaded bond holders, with bond yields reaching their highest level since the beginning of the epidemic.
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