Markets edge higher as inflation surge matches estimates
Headline consumer price growth jumped by the most since June 2022 in the United States last month while measures of underlying pressure remained tame, underscoring the challenge facing the Federal Reserve as it struggles to balance labour market vulnerabilities against war- and tariff-related inflation risks. According to data published by the Bureau of Labor Statistics this morning, the all-items consumer price index rose 0.9 percent in March from the prior month, and 3.3 percent over the same period last year. This matched consensus estimates among economists polled by the major data providers ahead of the release, with a 20.2-percent jump...