The Federal Reserve was widely expected to begin cutting interest rates in 2026, offering some long-awaited relief to borrowers after years of elevated costs. But one inflation forecast is now moving in the opposite direction, and that could complicate those plans. Must Read New projections from the Federal Reserve Bank of Cleveland show inflation climbing steadily in recent weeks, with estimates suggesting a notable jump from February to April (1). While forecasts can change as new data comes in, the ...