The latest US inflation figure “pours cold water” on any hopes of imminent interest rate cuts from the US Federal Reserve Bank (Fed), wealth managers have warned.
US inflation rose by 0.4 percent in March and increased on a 12-month basis from 3.2 percent to 3.5 percent.
Daniele Antonucci, chief investment officer at Quintet Private Bank, said the numbers being above consensus is not the only cause for concern.
“The all-important core measure, which strips o...
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