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Inflation rose hotter than expected in March as represented in the month's Consumer Price Index (CPI) reading. With inflation data now playing a heavier role than ever as Federal Reserve officials seek to scrutinize and look for cues from economic prints, how will this affect plans for interest rate cuts? Yahoo Finance Senior Reporter Alexandra Canal joins the Morning Brief to analyze the new sentiment around rate cuts as the Fed could hold rates higher for longer and push cuts farther down the line in 2024. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.