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The possibility that U.S. inflation won't trend much lower from here is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger cross-asset volatility.
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Baltimore Key Bridge collapse live updates: ‘Structural failure' to blame as massive cleanup begins The IndependentBaltimore bridge collapse: Cargo ship audio reveals intense moments USA TODAYBaltimore port crisis: World's largest container ship company, MSC, dumps diverted cargo problem on US companies CNBCHow a 173-year-old law created for wooden ships could complicate rebuilding the Francis Scott Key Bridge in Baltimore Fortune
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Chairman Jerome Powell keeps midyear interest rate cut in play, could support move if rising prices slow down.
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