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LIVE: Bloomberg Quicktake Latest News for April 12
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April 12, 2022
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April 12, 2022
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23:50:08Now Playing(Apr. 12) U.S. consumer prices rose in March by the most since late 1981, bolstering expectations that the Federal Reserve will raise interest rates by half a point next month.
The consumer price index increased 8.5% from a year earlier following a 7.9% annual gain in February, Labor Department data showed Tuesday. The widely followed inflation gauge rose 1.2% from a month earlier, the biggest gain since 2005. Gasoline costs drove half of the monthly increase.
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