American markets have been soaring in Q1 of 2024 on the expectation that the Federal Reserve would be cutting interest rates three times this year, freeing up more money to be borrowed and spent in the economy. However, inflation has remained stubbornly elevated above the Fed's desired 2% rate, and the March CPI report failed to encourage observers that inflation is coming down. We dove into the specific prices that are keeping inflation high and what the report means politically and economically.