Economics
U.S. Inflation May Peak in March, But It’s a Slow Go to Fed’s 2%
- Consumer prices seen rising at an annual rate of 8.4% in March
- Rents, Russia’s war risk keeping inflation from settling back
A shopper at a supermarket in Scranton, Pennsylvania.
Photographer: Hannah Beier/BloombergThis article is for subscribers only.
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March may prove to be the high-water mark for U.S. inflation, but price pressures will likely remain both elevated and persistent against a backdrop of firmer services demand and geopolitical risks.