“You can kiss a June interest rate cut goodbye.”

Greg McBride, chief financial analyst for Bankrate, commented on a report that U.S. consumer prices picked up again last month, marking a 3.5 percent increase for the 12 months ended in March, according to the latest Consumer Price Index data released by the Bureau of Labor Statistics. Read the CNN article, “Stubbornly High U.S. Inflation Grew Stronger Than Expected in March.”