I thought @2lion70 was saying that Bidenflation is dying?? Hm. I guess not. Sounds like Biden needs another Inflation Reduction Act... lol....
https://abcnews.go.com/Politics/wir...auge-tracked-fed-remained-high-march-98933674
WASHINGTON -- Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture “core” inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a report Friday from the Commerce Department. That is still far above the Fed’s 2% target rate. Some Fed officials are concerned that core inflation hasn’t declined much since reaching 4.7% in July.
And a separate measure issued Friday by the Labor Department showed that workers' pay and benefits rose 1.2% in the first three months of this year, faster than the 1.1% rise in last year's final quarter. While that trend is good for employees, Fed officials worry that companies will seek to offset their higher labor costs by further raising prices and perpetuating high inflation.
https://abcnews.go.com/Politics/wir...auge-tracked-fed-remained-high-march-98933674
WASHINGTON -- Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture “core” inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a report Friday from the Commerce Department. That is still far above the Fed’s 2% target rate. Some Fed officials are concerned that core inflation hasn’t declined much since reaching 4.7% in July.
And a separate measure issued Friday by the Labor Department showed that workers' pay and benefits rose 1.2% in the first three months of this year, faster than the 1.1% rise in last year's final quarter. While that trend is good for employees, Fed officials worry that companies will seek to offset their higher labor costs by further raising prices and perpetuating high inflation.
