What does high March inflation mean for the Fed and the economy? – CBS News Watch CBS News The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at “TheStreet,” joins CBS News to examine what’s behind the increase and …
Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in …
Disappointment about easier Fed policy, however, hasn’t translated into any difficulty in asset markets, where the major U.S. stock averages and the price of gold are all at or near all-time highs. As for bitcoin, it too has hit a new record this year, though any concerns about the economy …