Article originally appeared on www.westernjournal.com.
February’s inflation rate topped expectations and has put into question the Federal Reserve’s willingness to cut interest rates.
The Consumer Price Index rose 3.2 percent in February, according to The Wall Street Journal, topping the 3.1 percent that economists had forecast.
Prices rose 0.4 percent from January.
Core prices, which exclude food and energy because those are more volatile month-to-month, rose 0.4 percent from January, topping the 0.3 percent economists predicted. Core prices are now up 3.8 percent from 2023.
Under Joe Biden’s failed presidency: 🍼Baby food UP 29.6%
🏠Rent UP 20%
⚡Electricity UP 28.4%
🛒Groceries UP 21.2% Americans can’t afford another four years of #Bidenomics — Rep. Richard Hudson (@RepRichHudson) March 12, 2024
The Journal wrote that an interest rate cut “still looks to be off the table, with interest-rate futures implying that investors see next to no chance of one.”
The next meeting …
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