Consumer Prices Saw Slower Rise in March

The latest federal data show U.S. consumer prices rose 0.1% in March, a slowdown from the 0.4% increase in February, but still registering 5% year over year. Producer prices prices sank 0.5% in March, the biggest drop since 2020.

In this analysis, OMA Connections Partner RSM writes that the new data support the case for a near-term pause in interest rate hikes. 4/13/2023