March CPI report shows slowest inflation since May 2021, Warren Buffett comments.

The US consumer price index is expected to show that inflation remained strong in March, with prices rising 0.2% from February and an annual rate of 5.1%, nearly three times higher than the Federal Reserve's 2% target. The report is the last before the Fed's next policy-setting meeting in May and will have major implications for the US central bank, which is tightening monetary policy at the fastest rate in decades as it tries to control inflation. Despite concerns over a slowing economy and upheaval in the banking system, markets expect policymakers to approve another quarter-percentage point hike at the conclusion of their meeting next month.