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The President calls for easier money even though consumer prices keep rising. Does he want even higher prices?
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Consumer price inflation reared its ugly head to start the year, dashing hopes for the Fed to lower borrowing costs anytime soon.
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
Consumer Price Index inflation rose 0.5% month-on-month, likely incrementally delaying any Federal Reserve plans for interest rate cuts.