Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high.The data has implications not just for the US Federal Reserve, which sets interest rates, but also for the candidates in the upcoming presidential election.The core consumer price index (CPI), which excludes volatile food and energy costs, increased 0.4 percent in March from the previous month, according to government data released on Wednesday.
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