Glacial inflation slowdown set to back US Fed rate-cut caution
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The March core consumer price index is expected to rise 0.3% from a month earlier after a 0.4% advance in February. The core price gauge is projected to have climbed 3.7% from a year ago, marking the smallest gain since April 2021. US consumer-price data is projected to show a slowdown in underlying inflation, supporting the US Federal Reserve's cautious approach to lowering interest rates. Fed officials are waiting for a clearer indication that inflation is slowing before reducing borrowing costs. The central bank is expected to hold rates steady at its next meeting on April 30-May 1.

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https://m.economictimes.com/news/international/world-news/glacial-inflation-slowdown-set-to-back-us-fed-rate-cut-caution/articleshow/109112806.cms