The trend could contribute to higher inflation, raise concerns at the Fed
Many economists envision no rate cuts before September
U.S. consumer inflation was most recently reported at 3.5%
Figures from March will likely delay Fed rate cuts
Says recent data showing signs of persistent inflation don’t materially change the overall picture
Officials kept their benchmark rate unchanged for a fifth straight time, slightly raised inflation forecasts
Federal Reserve officials are expected to play it safe when they meet this week
Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%
Big banks say the so-called Basel III endgame changes would limit their ability to lend
Recent data suggest U.S. economy remains hot