close video Where should the Fed funds rate be to combat inflation?

Hoover Institution senior fellow John Taylor reacts to the Federal Reserve’s efforts to combat inflation on ‘Kudlow.’

Inflation remained uncomfortably high in February, although it has cooled slightly from a peak notched in 2022.

The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual basis. 

Those figures were both in line with forecasts by Refinitiv economists.

This is a developing story. Please check back for updates.

Articles You May Like

‘The Basketball Gods will always reward this place’: The NBA’s premier pickup game, and the man behind it all
Somalia truck bombing kills 15 people and wounds 40 others
Sports streamer Recast hits buffers after funding talks fail
Apple just released its big annual iPhone update. Here’s what’s new and how to install it
TV dentist who appeared on This Morning dies