Supercore inflation jumped to a staggering 5.5% in March on a 3-month annualized basis, the highest level since December 2022.

Core services minus housing inflation is a key measure the Fed watches, also known as supercore inflation.

On a 3-month annualized basis, it is now rising at its fastest pace since early 2021.

Meanwhile, the market is currently pricing in fewer than 2 rate cuts for all of 2024.

There have now been two consecutive months of increases in PCE, PPI, CPI, and Supercore inflation.

The fight to keep inflation in check is far from over.

熱點： TREND