HomeMarketsU.S. Economy & JobsMarch CPI Number Breakdown, Recession, And Potential 75 Point Rate Hikes
March CPI Number Breakdown, Recession, And Potential 75 Point Rate Hikes

March CPI numbers were released this morning. The core numbers were up less than expected and used car prices have dropped for the last two months, explains Greg McBride, Chief Financial Analyst at Bankrate. He thinks recession is highly likely. Economist Peter C. Earle explains specific areas hit by inflation services including medical care, hospitality, dry cleaning, and veterinary services. They discuss the probability of 50 or 75 basis point rate hikes.

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12 Apr 2022

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