Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve. The core personal consumption expenditures price index, which excludes food and energy, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%, the Commerce Department reported Thursday. The readings matched the Dow Jones consensus estimates. Including the volatile gas and groceries components saw higher readings,

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