On Friday, Argentina’s National Statistics Institute reported that consumer prices ticked up 3.7% last month compared to 2.4% in February, mainly as a result of rising food prices.
for the first time in five months to 2.8% from 3%, an encouraging change. But the Fed’s preferred price gauge, to be released later this month, is likely to be unchanged.The jump in inflation expectations is also a problem for the Fed because officials, including Powell, have said they are willing to let inflation gradually return to their 2% target in 2027, because expectations have generally been low. If other measures show inflation worries rising, the Fed could come under more pressure to get inflation down more quickly.
“I do worry when I see consumer expectations moving in the opposite direction,” George said. “I think you just have to keep an eye on that.”The last time President Donald Trump imposed tariffs — in 2018 and 2019 — overall inflation didn’t rise by much, in part because they weren’t nearly as broad as what he is currently proposing and some duties, such as those on steel and aluminum, were watered down with loopholes. Now that Americans have lived through a painful inflationary episode, they are likely to be more skittish about rising prices.Powell referred such concerns in remarks earlier this month. He said tariffs could just have a one-time impact on prices without causing ongoing inflation. But that could change “if it turns into a series” of tariff hikes, he said March 7, or “if the increases are larger, that would matter.”
“What really does matter is what is happening with long-term inflation expectations,” Powell added.A week after his comments, those expectations shot higher in the University of Michigan survey.
University of Delaware entomologist Doug Tallamy’s research has identified “keystone” plant species that make up the foundation of many U.S. ecosystems by producing food for native insects, thus supporting the ecological food web.
Even planting just one keystone plant in the yard or in a container will help restore biodiversity on your property.He has no choice. The race is Sunday.
That’s one week after Team Penske drivers Josef Newgarden and Scott Dixon had their cars pulled from the qualifying line over modifications to the attenuator, a safety part that cannot be changed for any reason. IndyCar has since said there has been no evidence that the seams filled on the piece provided a competitive advantage, yet the series nevertheless responded with serious penalties:of the 33-car field, they were stripped of points and handed heavy financial penalties.
McLaughlin, who had crashed in a practice session ahead of qualifying, was spared the sanctions given to his teammates when the attenuator found amid the wreckage of the No. 3 car had not been altered. He will start 10th.He was still penalized, though, when team owner Roger Penske — who also owns IndyCar, Indianapolis Motor Speedway and the Indy 500 — fired team president Tim Cindric and Team Penske officials Ron Ruzewski and Kyle Moyer on Wednesday.