“The consumer price index increased at a faster than expected pace in March, indicating that inflation is staying stubbornly higher and likely keeping the Federal Reserve on hold with interest rates,” CNBC reports.
Wall Street Journal: “Investors and economists have been looking forward to Wednesday’s release with unusually high interest—even by the standards of CPI reports, which are always a highlight of the monthly economic calendar.”
“Recent data showed inflation running higher than expected in January and February, an unwelcome break from months of encouraging reports that showed a marked decline in the pace of price increases.”
New York Times: “The surprisingly stubborn inflation reading could raise doubts about when the Fed will be able to start cutting interest rates, and how much they will be able to reduce borrowing costs this year.”
