Inflation rises more than expected in the U.S., raising doubts about whether a rate cut will be forthcoming

WASHINGTON- Inflation rose more than expected in the United States in March due to higher gasoline and housing costs, a fact that worries President Joe Biden in an election year and casts more doubt on whether the Federal Reserve will start cutting interest rates in June as planned. The consumer price index rose 0.4% last month, after advancing the same margin in…