Hopes Dim For Rate Cuts As Inflation Hangs On.

The article focuses on the waning hope by investors that the U.S. Federal Reserve will cut rate as inflation remains high in April 2024. Cited are the latest reading of the inflation measure released by the Fed on April 26, 2024 which shows that progress on cooling inflation is stalling in 2024, how economists view Fed's disinflationary path, and the belief by investors of a greater chance of a long period of high rates.