By: Sterling Mosley | On Wednesday, the Labor Department's Bureau of Labor Statistics released its monthly report on the rate of inflation across the economy. The report revealed that inflation was higher than expected for March, with prices surging 3.5 percent year-over-year. This significant increase, nearly double the average inflation rate, is concerning news for the American consumer. It indicates that the Federal Reserve will likely not cut interest rates in the coming months as inflation remains constant.
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