RE:RE:Hot CPI NUMBERS From the WSJ
The consumer-price index rose 0.4% in March and 3.5% on an annual basis—economists had expected 0.3% and 3.4%. Core CPI, which removes the volatile food and energy categories, was up 0.4% from February, topping an expected 0.3%.
Inflation also proved higher than anticipated in January and February. Taming price increases is key to the Federal Reserve’s deliberations about when to cut interest rates and the series of hot readings have raised doubts that the central bank can act soon.