Hotter-Than-Expected Inflation Could Upend Fed’s Rate-Cut Plans
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P.M. Edition for April 10. A June interest-rate cut could be off the table after inflation came in hotter than expected for March. The major U.S. stock indexes fell on the news, with the Dow dropping more than 400 points. Chief economics correspondent Nick Timiraos explains. Annmarie Fertoli hosts.Correction: KPMG's Netherlands unit agreed to pay a $25 million fine by the Public Company Accounting Oversight Board over claims of exam cheating and misinforming investors. An earlier version of this podcast incorrectly said that it was KPMG without specifying which unit of the company received the fine.
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