Natwest Markets US Head Mitchell Girrd discussed the impact of tariff on inflation and weighs the possibilities of recession on earning money.
Inflation grew at a slower by expectation in March, but the Federal Reserve remained well above the target as the Central Bank prepares to monitor the impact of tariffs on consumer prices in weeks and months.
The Bureau of Labor Statistics said on Thursday that the Consumer Price Index (CPI) – a comprehensive remedy of everyday goods such as gasoline, grocery and rental costs – was 0.1% decrease in March compared to last month, while it was 2.4% on an annual basis.
Both figures were coolers compared to the projections of LSEG economists, and represented a cooling from February, when it rose 0.2% on a monthly basis and the headline inflation was 2.8%.
The so -called core prices, including more volatile measurements of gasoline and food to better assess the price increase trends, were 0.1% from the former month and 2.8% on an annual basis, cooler by expectation. The headline figure was below 3.1% a month ago, while the monthly core data was above 0.2%.
This is a developing story. Please check back for updates.
