(Bloomberg) -- The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rate too soon.Most Read from BloombergRussia Mourns 133 Killed in Deadliest Moscow Attack in DecadesPutin Rejected Terror Alert Before Deadliest Attack in DecadesHarassment and Drugs Plagued a Citigroup Division for YearsPutin’s Ukraine Plan at Heart of Response to Moscow AttackFAA Weighs Curbing New Routes
This year, the United States dropped out of the top 20 ranking in happiness for the first time since the report began a little more than a decade ago.
Investors watched carefully for dot plot changes, but instead got some much bigger news: Jerome Powell and the Fed see 2024 growth coming in at almost double what was expected.
