12/26/2024

U.S. Inflation Reading Advanced Only Modestly in March

WASHINGTON-—Inflation remained modest in March, a sign that pricing pressures are in check amid slow growth in the U.S. and overseas, and low oil prices.

The slow price gains were accompanied by rising incomes and a savings rate that matched the highest level since 2012, suggesting caution on the part of consumers despite a robust labor market.

The personal consumption expenditures price index, the Federal Reserve’s…

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