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The Federal Reserve’s favored inflation index came in hotter than expected in March, showing that price increases have ticked up slightly from earlier this year.

Inflation isn’t going away soon. What does it mean?

The Federal Reserve’s favored inflation index came in hotter than expected in March, showing that price increases have ticked up slightly from earlier this year.

It’s the latest sign that the Fed doesn’t seem likely to cut interest rates soon, according to analysts. And that’s not great news for the White House or Hill Democrats.

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