"U.S. inflation is re-accelerating and interest rate cuts are off the table "for the foreseeable future," Regan Capital's Skyler Weinand has said


In March, inflation exceeded expectations, primarily due to rising housing and energy costs, according to the Labor Department's report on Wednesday.

AD_SHOULD_BE_HERE

The consumer price index (CPI) showed a monthly increase of 0.4%, matching February's rate and surpassing the anticipated 0.3% rise. Annually, the CPI climbed 3.5%, exceeding the forecasted 3.4% increase and compared to February's 3.2%.

Excluding the often volatile food and energy prices, the core index also rose by 0.4% for the month and 3.8% annually, surpassing estimates for a 0.3% monthly increase and a 3.7% annual gain.

The report highlighted increases in the shelter and gasoline indexes as major contributors to the monthly rise in the overall index. The energy index increased by 1.1% over the month, while the food index rose by 0.1% in March. The food at home index remained unchanged, but the food away from home index increased by 0.3% over the month.

AD_SHOULD_BE_HERE

These findings align with recent inflation data, indicating that while the price hikes caused by the pandemic may have eased, they have not yet completely subsided.

"Inflation has moderated, but it appears to have leveled off, and some indicators suggest it may be increasing again," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management.

AD_SHOULD_BE_HERE
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.