Fed’s preferred metric surges above 8%; 10-year Treasury yield officially back above 4.6%; Power bills will keep rising.

Despite expectations of inflation tapering, the Federal Reserve’s favored inflation gauge surpasses 8%, highlighting ongoing economic strains. March’s Consumer Price Index (CPI) records a significant uptick at 3.5%, the highest since September 2023, with Core CPI outperforming forecasts for four …

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