Inflation’s First Official Debut
March CPI surged +0.9%, its largest monthly jump since 2022, driven by the sharpest gasoline price increase since 1967. This week on the Basis Points podcast, Kevin Flanagan explains why the Fed may look through this energy-driven spike, even as inflation risks complicate the path for rate cuts.
Basis point: 1/100th of 1 percent.
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The skinny
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