Christopher Rugaber

WASHINGTON — US companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is

WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid.

A clearance sign is displayed at a retail clothing store in Downers Grove, Ill., Monday, April 1, 2024. On Friday, April 26, 2024, the Commerce Department issues its March report on consumer spending. (AP Photo/Nam Y. Huh)[ASSOCIATED PRESS/Nam Y. Huh]

Friday’s report from the U.S. government showed that prices rose 0.3% from February to March, the same as in the previous month

Friday's report from the government showed that prices rose 0.3 percent from February to March, the same as in the previous month.

Inflation data showed that “core” prices, which don't include things like gas or groceries, rose by an elevated 0.3% from February to March.

Prices for food, rent, gas and other necessities are running roughly 20 percent to 30 percent higher than they were four years ago, souring many Americans…

Measured by the PCE index, prices were up 2.7% year-over-year in March, up from a 2.5% annual rise in February.

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