The March-quarter figure makes a cut less likely. Still, the Reserve Bank will probably give more weight to how quickly it can get to its target range

Some economists say inflation will resume its slowdown after flaring recently, letting the Fed cut rates. PCE inflation report Friday could give clues

By Stella Qiu SYDNEY (Reuters) -Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.