Thexa0Fedxa0might not be done raising interestxa0ratesxa0just yet

Interest rate cuts have been the primary focus for Wall Street since the end of last year when the Federal Reserve indicated its intention to lower rates. However, recent economic data has shown limited improvement in inflation. The March Consumer Price Index (CPI) report revealed a higher-than-expected increase in prices, leading to a selloff on Wall Street and reducing the likelihood of a rate cut in June. While most Fed officials still plan to cut rates this year, disappointing inflation readings may give them pause and even force them to consider raising rates.