U.S. inflation fell to its lowest level in nearly two years in March, but the rise in core CPI will continue to put pressure on the Federal Reserve to raise interest rates again in May. Data released by the U.S. Bureau of Labor Statistics on Wednesday showed that CPI rose 5% year-on-year in March, marking a sharp deceleration in inflation compared with 6% recorded in February, which was also the lowest level since May 2021. The core CPI rose 5.6% year-on-year, indicating that price pressures on some goods and services are still rising. The latest inflation data is one of the most important economic data before the Federal Reserve's policy meeting in early May. So far, Fed officials do not seem to have reached a consensus on whether it is necessary to raise interest rates by another 25 basis points. (Jinshi)