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New Inflation InformationInvestopedia
•78% Informative
Chicago Fed President Austan Goolsbee : Inflation data over the first three months was worse than expected.
Richmond Fed President Thomas Barkin said inflation report showed it may take more time than anticipated for inflation to fall lower.
Wholesale Inventories rebounded from decline last month in February to grow 0.5% in line with expectations.
Inflation grew 3.5% over the 12 months ending in March , according to new Consumer Price Index (CPI) data released Wednesday .
The CPI, a measure of the cost of living released by the Bureau of Labor Statistics , showed price increases accelerated from the 3.2% annual inflation in February to 0.4% on the monthly measure.
Economists and financial markets are especially scrutinizing inflation measures as they influence the Fed .
Mortgage loan application volume increased by 0.1% for the week ending April 5 .
The average interest rates on 30-year fixed mortgages jumped to 7.01% , hitting their highest level in more than a month .
Mortgage applications for home purchases declined 5% , with the average home purchase loan being $ 449,400 .
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