All eyes on the Fed: Fund managers react as US inflation hits 8.5%

Highest since 1981

Elliot Gulliver-Needham
clock • 3 min read
The Federal Reserve

The Federal Reserve

US inflation hit 8.5% in March, up from 7.9% in February and its highest level since 1981.

The US Bureau of Labor Statistics reported that inflation had "continued to accelerate," with gasoline prices accounting for over half of the increase, rising 18.3% in March. The disparity between the...

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