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Wall St ends sharply lower as sticky inflation dims rate cut hopes

Minutes from the Fed s March policy meeting reflected concerns that inflation s progress toward that target might have stalled, and restrictive monetary policy may need to be maintained for longer than anticipated. ....

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Believe it or not, we're hot

To begin with, it is sensible to see growth in conjunction with inflation data, especially inflation that has been shorn of volatile components, such as food and fuel. This adjusted, or core, inflation has been dropping steadily over H2 2023-24, down to 3.3% in February, suggesting that even with such high growth rates, the economy has not overheated . ....

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