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Inflation ticked higher in March as incomes, spending rose

Inflation accelerated slightly in March as Americans continued to see pay increases and a steady pace of spending, according to data released by the Commerce Department on Friday. The personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 0.3% in March and has risen 2.7% over the past year. Monthly […]

Fed’s preferred inflation gauge rose 2.8% in March

Prices rose again at an unexpectedly fast pace in March, according to the Fed’s recommended inflation measure, pushing back the timing of interest rate cuts again. The Core Personal Consumption Expenditure Price Index rose 0.3% in March from the previous month and 2.8% from a year earlier, according to the latest data from the Bureau […]

Biden Secretly Shipped Long-Range Missiles to Ukraine in March

The Biden administration last month secretly shipped long-range missiles to Ukraine for the first time in an effort to enable Ukrainian forces to further attack Russian-occupied areas of Ukraine, according to reports. politiko report On Wednesday, the United States approved the transfer of “a large number” of Army Tactical Missile Systems (ATACMS). Ukraine has long […]

Commercial real estate foreclosures jumped 117% in March as trouble looms

Stifel’s KBW CEO Thomas Michaud assesses the stability of regional banks, commercial real estate and the Basel III proposal. of commercial real estate Markets are beginning to distort under the weight of rising interest rates and remote work. There were 625 commercial real estate foreclosures in March, an increase of 6% from February and 117% […]

March retail sales blew past expectations 

Retail sales in March exceeded expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates are Ministry of Commerce Retail sales were shown to have increased by 0.7% in March, more than double the previous year. consensus estimation Increased by 0.3% from last month. Retail sales in March exceeded expectations […]

CBP report reveals lowest March for migrant encounters; Texas crackdown continues

U.S. Customs and Border Protection (CBP) released its monthly update touting a decline in the number of encounters with migrants since last month. In March, Border Patrol recorded 137,480 encounters between ports of entry along the Southwest border. Encounter rates between ports of entry along the Southwest border decreased by 45% compared to December 2023 […]

Gas, housing and car insurance costs soar, fueling inflation in March

March inflation rates showed gas, home and auto insurance to rise for another month (iStock) A stronger-than-expected rise in consumer prices in March pushed up inflation and gave the Federal Reserve more reason to delay cutting interest rates. On an annualized basis, prices rose 3.5% in March, higher than last month’s 3.2% rise and also […]