U.S. Inflation May Peak in March, But It’s a Slow Go to Fed’s 2%
“March may prove to be the high-water mark for U.S. inflation, but price pressures will likely remain both elevated and persistent against a backdrop of firmer services demand and geopolitical risks.”
U.K. Economy Slows as Supply Chain Delays Hold Up Car Makers
“The U.K. economy slowed more sharply than expected in February after storms hit construction work and supply chain delays held up output from carmakers. The 0.1% expansion followed a robust 0.8% gain in January, Office for National Statistics figures showed on Monday. Growth of 0.2% was forecast by economists.”
China’s Covid Lockdowns, Surging Oil Add to Inflation Risks
“China’s factory gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest economy.”
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