Marching inflation falls to the lowest point for more than 3 years

Egg prices continue to increase, but inflation is moving in the right direction. (istock)

In March, consumer prices decreased by 0.1%, according to the Consumer Price Index (IPC) Posted by Bureau of Labor Statistics (BLS). This is the first monthly fall since July 2022.

Annual inflation increased by 2.4% compared to an increase of 2.8% registered in February. The main inflation, which eliminates volatile energy and food prices, has grown by 2.8% over the last year, the lowest increase by 12 months since March 2021. Gas price decline by 6.3% more than in electricity and natural gas indexes. However, food increased by 0.4% in March. Meat, poultry, fish and egg index increased by 7.9%over the last 12 months, and the price only jumped by 60.4%.

Inflation continues to move up to 2% of the federal reserve target. However, the impact of the implementation of the new tariff measures of President Donald Trump can disrupt this progress and prevent economic growth, according to Jim Berd, the main director of the Moran’s plan.

“Since consumers are exposed to tariffs for many staples and discretion products, there is considerable uncertainty that there will be in the nearest amount of impact on growth and inflation, although the direction for each is more clear,” Bird said. “It has sent economists who seek to update their forecasts to reduce growth and increase the expected inflation throughout the year.”

Despite the consequences of President Trump’s tariffs, Fed continues to keep interest ratesAnd no significant changes are expected in the near future, including a potential rate reduction. While tariffs can increase inflation and slow economic growth, the Fed expects greater clarity on the complete impact of these politicians before deciding on any course of action.

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This week’s mortgage rates have reached a two -month minimum, there are less than 7%

Recession risks increasing

President Trump’s tariffs also contribute to increasing the risk of recession. Several large financial institutions, including Goldman Sachs and JP Morgan, raised the likelihood of recession. According to Berd, part of the problem is that as prices rose from the tariffs, consumers can solve to stop their expenses.

“In recent months, the mood is sour, and there are already signs of not only a more cautious mood, but also more limited costs,” Bird said. “Prices may rise, but that doesn’t mean that consumers will pay any price for any product. Some may grumble but continue to spend, but many are much more likely to have cheap alternatives or delay discrete purchases.

“This reality increases the likelihood of a more noticeable slowdown in the economy, and the risk of recession is also increasing,” Bird continued.

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Spring season at home looks promising

Inflation data in March showed that in February they decreased to 4.0% with 4.2%. This is good news because the shelter inflation has been the main force in maintaining increased inflation in recent years and can help move the needle at interest rates.

According to the chief economist Freddi Mac Sam Hater.

“As the purchase applications continue to rise, the spring home package season is to look more favorable than last year,” Hater said.

The average 30-year fixed rate mortgage was 6.62% per week, ended on April 10, the latest Freddie reports Surveys of the main mortgage market. This decline compared to the previous week, when the average was 6.64% and below 6.88%, it was a year ago.

“Unfortunately, the inflation remains painful hard, which is much higher than 2% of the Fed target to reduce rates,” Gaber said, moving the CEO of Conciere. “Given that the housing sector has less impact on the modern global trading environment, it would be useful for the Fed to reduce rates and increase the market of spring and summer home.”

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