U.S. Consumer Price Index report, due out on Wednesday, is expected to reveal a nudge upward in the headline inflation rate, while the core remained steadfast. With recent remarks from Federal Reserve officials signaling a more cautious and gradual approach to interest-rate cuts on the back of resilient economic data,

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

A jump in energy prices was primarily responsible for the increase in the overall CPI, especially energy commodities (fuel oil and motor fuels). Click to read.