The Federal Reserve will not fixate on the latest consumer price index report. Seeing indicators of a looming economic slowdown, it will cut interest rates.
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.
The bump in the Federal Reserve’s path to lower inflation is looking more like a roadblock, throwing into doubt its plans for interest-rate cuts this year.
US Federal Reserve officials raised concerns at their March interest rate meeting about the recent "broad-based" rise in inflation, but still said they
U.S. inflation for March has surged more than anticipated thanks to soaring gas prices and top-dollar mortgage rates, creating concern that the Federal Reserve may scrap its plans for a rate cut in June
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