What inflation means for the Fed and Biden U.S. inflation jitters are being felt around the world this morning‚ after the latest Consumer Price Index report showed inflation ticked up for a third straight month. The dollar spiked overnight and traders slashed their bets on when or whether the Fed would cut interest rates this year. Such uncertainty could last for months and complicate President Bidens bid for a second term. Traders this morning were pricing in less than two rate cuts for...