US inflation comes in hot, casting doubt on June Fed rate cut
The US consumer price index for March stood 3.5 percent higher than a year earlier, as inflation proved stickier than expected. A rate cut from the Federal Reserve, anticipated for June, is now in doubt. Also in this edition: the UN's climate chief calls for a new finance deal for developing countries, saying nations have two years to save the planet.
The US consumer price index for March stood 3.5 percent higher than a year earlier, as inflation proved stickier than expected. A rate cut from the Federal Reserve, anticipated for June, is now in doubt. Also in this edition: the UN's climate chief calls for a new finance deal for developing countries, saying nations have two years to save the planet.
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