Business
The Big Number: 5.3%
In recent months, the Fed had been signaling that there would be two or three rate cuts this year.
But on Wednesday, the Bureau of Labor Statistics reported that the Consumer Price Index had climbed 3.8 percent on an annual basis in March after volatile food and fuel prices were stripped out. That “core” index was stronger than what economists had forecast.
Hiroko Masuike/The New York Times