In February, U.S. inflation rose to 3.2%, up from January's 3.1%, fueled by higher petrol and housing prices. These figures are crucial for the projections for 2024 rate cuts, with the Mar 20 meeting likely to maintain rates between 5.25% and 5.5%. Since 2022, the Fed's aggressive rate hikes have tempered inflation, prompting expectations of interest rate cuts this year. However, recent inflation data (for the first two months of 2024) depicts a hotter-than-expected rise in prices. This has led to revisions ...