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Inflation keeps coming in hot, likely delaying interest rate cuts

By Ilene
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Inflation keeps coming in hot, likely delaying interest rate cuts

Federal Reserve officials are trying to figure out whether their fight to control prices is slowing

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Inflation ticked up again in March compared with the year before — in yet another sign that the economy doesn’t need high interest rates to come down any time soon.

Fresh data from the Bureau of Labor Statistics on Wednesday showed prices rose 3.5 percent from March 2023 to March 2024. That’s up slightly from the 3.2 percent annual figure notched in February. Prices also rose 0.4 percent between February and March.

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