The US consumer price index (CPI) rose more than expected in March. We find out what this may mean for your fixed deposit, T-bill and stock investments. This article was first published on 10 April 2024. What happened? Like many others, I was awaiting the latest US inflation data to get an indication of the Fed’s interest rate direction. The US Consumer Price Index (CPI) rose by 3.5% compared to the previous year, exceeding forecasts by economists. With inflation remaining sticky, many of you might be wondering if we might still see a fall in interest rates in the coming months. After all, we have already seen a decline in the interest rates on fixed deposits, and the interest rates on savings accounts are being cut too. What does the latest inflation data tell us about where interest rates are headed? Let us look at a few indicators to find out....