It's just another sign that inflation is not yet under control.
Gasoline costs drove half of the monthly increase, while food was also a sizable contributor.
Economists expect inflation to settle back to an average 5.7% in the fourth quarter.
Covid has become less of a factor in the labor market as states broadly lift restrictions.
Delinquencies will likely rise once forbearance concludes in May.
Ladies and gentlemen, we have liftoff.
They stressed the need to confront the hottest U.S. inflation in 40 years.
New mortgages reached a historic high last year and auto loans soared.
Forecasting throughout the pandemic has proved to be a constant challenge for economists.
Major U.S. equity indexes dropped in response to the Fed's policy statement.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
