"US Inflation Surges, Putting Pressure on Fed for Rate Cuts"
TL;DR
The US core consumer price index, excluding food and energy costs, rose 0.4% from February and 3.8% from a year ago, potentially delaying any Federal Reserve interest-rate cuts as inflation continues to exceed forecasts.
- US Core CPI Tops Forecasts Again, Likely Delaying Fed Rate Cuts Bloomberg
- Dow falls more than 300 points, Treasury yields jump after strong inflation data: Live updates CNBC
- Cost of gas and housing pushed up US inflation in March CNN
- Inflation accelerates more than expected in March as high prices persist Fox Business
- CPI Live Updates: Inflation Was Stronger Than Expected in March The New York Times
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