The first reading on inflation since the Iran war began showed prices paid by American consumers surged in March, the Bureau of Labor Statistics reported on Friday. The consumer price index rose by 0.

Debbie Hippensteel, Senior Portfolio Manager at River Wealth Advisors, gives her take on the US inflation figures and whether the Fed could still cut rates, as higher oil prices triggered by the US-Israel war in Iran start to spill over into the wider economy.