Both the overall and core CPI measures rose by a modest 0.1 percent for March, bringing the 12-month trend rates down to 2.4 and 2.8 percent, respectively.
This was a definite improvement in the inflation figures and move the trend rates closer to the Fed’s long-term goal of 2.0 percent.
Initial claims remained subdued at 223,000 for the most recent week, with the four-week average unchanged (also at 223,000).
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