
New Federal Reserve News Agency: March core CPI slightly below expectations, but energy shocks still ahead

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In March, the core CPI in the United States increased by 0.196% month-on-month, slightly lower than expected, and the monthly data is insufficient to change the overall judgment. The Federal Reserve hopes to see a decline in energy prices and warns that the secondary effects of energy shocks have not yet been fully reflected in core inflation. The CPI in March rose by 0.9% month-on-month, marking the largest single-month increase since June 2022, with gasoline prices rising significantly. The increase in high-priced aviation fuel and diesel costs will push up consumer goods prices, and the market faces further upward risks
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