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Inflation eased to 5% in March, its lowest level in almost two years, yet some underlying prices remain stubbornly high.The Consumer Price Index increased at an annual rate of 5% in stanley cup March, down from 6% in February, the Labor Department said Wednesday. That was better than economists expectations that inflation had risen 5.2% last month, according to FactSet.It also represents the smallest 12-month increase since May 2021, the Labor Department said. We can safely say that we are past peak inflation, but it is too early to call victory against inflation, Gargi Chaudhuri, Blackrock s head of iShares investment strategy for the Americas, said in a note. While we believe inflation will continue to remain stubbornly high for the rest of 2023, we expect it to moderate by the end of the year and still remain above the stanley cup Fed s 2% target. Core inflation, which excludes volatile food and fuel prices, ticked up to 5.6% in February. That figure, which some view as a better indicator of underlying price pressures, has changed little since December. Transportation, electricity, food and shelter were the biggest contributors to last month s price increases. Inflation was down significantly in March, but we are still not down to the magic number the Fed is looking for, said Bright MLS chief economist Lisa Sturtevant in an emailed report. Housing costs are still a key driver of inflation, accounting for the largest part of the monthly inc stanley cup rea Arld NATO and Russia fail to resolve significant differences but may continue talks
Full episodes of Sunday Morning are now available to watch on demand on CBSNews, CBS and CBS All Access, including via Apple TV, Android TV, Roku, Chromecast, Amazon FireTV/FireTV stick and Xbox. The show also streams on CBSN beginning at 9:30 a.m. ET and 1 p.m. ET.You can also download the free Sunday Morning audio podcast atiTunesand atPlay.it. Now you ll never miss the trumpet!WATCH THE FULL 2/11 BROADCAST! HEADLINES:U.S. wins first gold medal at Pyeongchang Olympics Video Seventeen-year-old snowboarder Red Gerard captured America s first gold medal as the Olympic Games continue in Pyeongchang, South Korea. Ben converse Tracy reports the latest action heating up the slopes - and the thaw between dignitaries from North and South Korea. Software company SA airmax P has hired many workers on the autism spectrum, who find camaraderie and fulfillment in the workplace. CBS News COVER STORY: The growing acceptance of autism at the workplace | Watch VideoNearly three years ago, when tech giant Microsoft announced that it was starting a pilot program to hire autistic workers, they received more than 700 resumes within a few weeks. German software maker SAP has instituted a program to bring people with autism into its workforce worldwide, and other compa adidas samba nies are following suit. By all accounts, giving those on the spectrum an opportunity to use their talents productively has been a tremen |
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