Inflation has started its climb once again this year, raising concerns over the Federal Reserve’s plans for rate cuts. The Labor Department said on Apr 10 that the Consumer Price Index (CPI) accelerated 0.4% month over month in March, higher than economists’ expectations of a rise of 0.3%. CPI rose by the same margin in February. Year-over-year CPI rose 3.5% in March, higher than the consensus estimate of a rise of 3.4%, and the highest since September. This follows a 3.2% jump in February.The jump in March ...