The latest CPI (Consumer Price Index) report was broadly in line with expectations but did not provide clear evidence that inflation is returning to target in the near term. Goldman Sachs economist Alexandra Wilson-Elizondo said the results make next week’s Federal Reserve interest-rate decision more uncertain. She noted that the survey period came before the latest increases in energy prices and a broader commodity rally spanning metals, agriculture and other markets. The report leaves the Federal Reserve’s rate-hike option open without requiring action, placing greater emphasis on Walsh’s communication, energy prices, labor-market data and subsequent developments.