Progress on inflation is moving in the wrong direction. The latest Consumer Price Index, released Wednesday, showed that annual inflation ticked up to 3.5% in March from 3.2% in February. That marked the largest annual gain in half a year. Even though the current inflation rate is better than last March’s 4.9% rate, it signifies the highly anticipated rate cuts investors were banking on may not come this year. Now, instead, they may need to brace for another rate hike as interest rates stand at... Read this story
