March – April 2023

U.S. Economic and Market Highlights


  • The latest U.S. Inflation Report indicates that the Fed’s Approach is working to tame inflation, but slowly. The all-items inflation index increased 5.0% for the 12 months ending March; this was the smallest 12-month increase since May 2021. Core CPI (all-items less food and energy) index rose 5.6% because energy decreased 6.4% and the food prices increased 8.5% over the last year.
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