Market Update: Implications of Inflation Trends and Rising Gig Economy Demand
In the past week, the Consumer Price Index (CPI) indicated that inflation pressures remain persistent, challenging the earlier market anticipation of potential rate cuts. The CPI climbed 3.5% year over year compared to February’s 3.2% increase, moving farther away from the Federal Reserve’s 2% target rate. According to Jerome Powell, “More recent data shows solid...
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