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Inflation still creeping up


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"nflation ran hot for a third straight month in March, raising questions about when the Federal Reserve will feel confident that price pressures are subdued and it can begin cutting interest rates."

https://www.msn.com/en-us/money/markets/inflation-accelerated-in-march-cpi-report-shows-whats-the-impact-on-fed-rate-cuts/ar-BB1lofCK

Not that anyone here would have seen it, but I've been saying that rate increases aren't the way to handle this round of inflation. This round of inflation was caused by a lack of supply that started with covid but was extended with baby boomers retiring.

To counter lack of supply, we need low interest rates to facilitate borrowing to modernize systems and hire new employees.

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