US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts

From detroitnews.com

Consumer prices likely rose last month at a pace that would exceed the Federal Reserve's inflation target, underscoring why the Fed is being cautious as it considers when to cut interest rates and suggesting that inflation will remain a potent issue in this year's presidential election. Yet Tuesday's report from the Labor Department may also show that underlying price pressures continue to ease, which would be an encouraging sign that inflation is gradually coming under control. Economists have estimated that prices rose at a brisk 0.4% annual pace from January to February, up from a 0.3% rise the previous month, ... (full story)