US inflation reached 3.8% in April, its highest level in nearly three years, driven by rising energy prices amid the Iran conflict. The Federal Reserve, which tracks the Personal Consumption Expenditures (PCE) price index as its primary inflation measure, is expected to maintain interest rates unchanged well into next year despite political pressure to lower them, as the central bank aims to bring inflation down to its 2% target.
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#mustwatch US Inflation Hits 3.8% Three-Year High Amid Iran Conflict Surge本站添加:
US inflation increased at its fastest pace in 3 years in April, driven by higher energy prices amid the war with Iran. The Commerce Department's personal consumption expenditures price index, released Thursday, showed inflation jumped 3.8% in April from 1 year ago. That's the largest rise since May of 2023.
The US Federal Reserve tracks the PCE index as it aims to bring inflation down to an annual rate of 2%. Thursday's report cemented economists' views that the central bank could keep interest rates unchanged well into next year despite pressure from President Trump to bring rates lower.
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