What does high March inflation mean for the Fed and the economy?

The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.

Apr 11, 2024 - 03:49
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What does high March inflation mean for the Fed and the economy?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.

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Phillimon Sefake Phillimon Sefake is a creative writer and literary scholar