US inflation edges up as Fed debates interest rate cuts
From BBC:
The US inflation rate rose to 3.2% in February, up from 3.1% in January, driven by higher petrol and housing costs. Airfare, car insurance, and clothing also contributed to the increase while grocery prices remained unchanged. The Federal Reserve is considering cutting interest rates as inflation progress stalls, impacting President Biden’s policies and the economy. Housing costs, a key factor in inflation calculations, continued to rise, but some experts predict stabilization in the future. The US economy remains resilient despite inflation challenges.
Read more at BBC: US inflation edges up as Fed debates interest rate cuts