The main US stock indices fell within 1.09% on statistics that showed an unexpectedly high increase in inflation in March. In annualized terms, the indicator increased by 3.5%, while analysts expected it at 3.4%, and in monthly terms - by 0.4% against the forecasted 0.3%. The results were higher than in February.

The core inflation index also exceeded the forecast estimates - both in annual and monthly terms it remained at the level of February, not decreased, as analysts believed. Such dynamics means that interest rates are not likely to be lowered in the near future, writes Business Insider.

In late April - early May, the FOMC is scheduled to meet, and the likelihood that the regulator will lower rates at it is estimated by the market as very low, according to the CME FedWatch tool. A number of observers do not expect a downgrade at the June Fed meeting either. As Business Insider previously reported, fewer experts believe that it will happen this year.