Mexico Inflation Cools, Raising Prospects of Earlier Rate Cut

Mexico's inflation rose less than expected in March at 4.42%, bolstering bets for another interest rate cut as soon as May
Core inflation, excluding food and fuel, slowed to 4.55%, below economists' forecasts
Services inflation increased due to seasonal factors and tight labor market complicates potential rate cuts
Economists expect a quarter-point rate cut in June after a likely pause in May
The data puts a May cut "back on the table" after last week's cautious minutes from the central bank