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Lawmakers on both sides of the aisle grilled special counsel Robert Kerr

over his report on President Bodin's mishandling of classified documents.

And why this is one of the most chaotic college admission seasons in years.

Counselors have said that they've never seen anything like this year and this is following

the chaos of the pandemic. Plus slightly stronger than expected inflation in

February raises the possibility of fewer rate cuts this year. It's Tuesday March 12th. I'm Anne Marie Fertoli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today. U.S. inflation ticked up slightly last month, but is unlikely to change expectations

that the Federal Reserve will begin cutting interest rates, as we've

been reporting later this year.

The Labor Department said consumer prices rose 3.2% in February, marking a second

straight month where inflation readings were firmer than expected.

Here now with more is Wall Street Journal reporter Justin Lehart.

Welcome Justin.

Hi.

Okay, so this was only a tenth of a percentage point higher than economists had expected.

We know the feds trying to control inflation and keep the labor market strong.

Is this a sign that the balance the central banks trying to strike isn't quite on target? The Fed is looking for progress on

inflation and this report represents a little bit of a step back not seeing this

sort of really cool readings that we were seeing through the fall.

It comes on the back of a January inflation report that was also hotter than expected.

...