Inflation hasn’t been going much of anywhere. As long as that is true, neither will the Federal Reserve’s interest-rate policy. The Labor Department on Wednesday reported that overall prices rose 0.4% in March from February, putting them up 1.9% year over year. Core prices, which exclude food and energy items to better track inflation’s trend, were up 2% from their year-earlier level. In February, that measure was up 2.1% compared with a year earlier.

Source: Wall Street Journal April 10, 2019 16:07 UTC