U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February; Core Rate Rises to 3.8%

Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed’s willingness to begin cutting rates. Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed’s willingness to begin cutting rates.