Tampa ranks high on a list of “Cities with the Biggest Inflation Problems,” with one of the higher increases in ...

CPI accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, both higher than expected. Core CPI ran at 0.4% and 3.3% respectively, also above forecast.

So much for more rate cuts! The first CPI print of the year just came in way hot. That immediately spiked bond yields, and sent stocks tumbling about 1% pre-market. Let's back up for a second.

“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...