Federal Reserve's preferred inflation metric rose to 2.7% in March Financial TimesThe Fed's preferred inflation gauge just moved in the wrong direction CNNHot in Here: The Bloomberg Close, Americas Edition BloombergKey Fed inflation measure rose 2.8% in March from a year ago, more than expected CNBCStubborn Inflation Could Prod Fed to Keep Rates High for Longer The New York Times
Oil futures finished below Friday's session highs after the latest U.S. inflation data raised doubts that the Federal Reserve will lower interest rates anytime soon.