Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
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Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.

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The U.S. dollar held its ground ahead of a critical Federal Reserve policy decision as extreme crude oil supply disruptions drove inflation concerns. Rabobank pushed its second-quarter Brent crude target to $107 per barrel following the physical closure of the Strait of Hormuz. Meanwhile, the Australian dollar slipped on softer consumer price data, and the Indian rupee hit new lows amid foreign capital outflows.

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