Posted 4/8/2024, 6:02:57 PM
Inflation Seen Ticking Up in March CPI Report, Lowering Odds of Near-Term Fed Rate Cuts
- CPI report for March expected to show inflation ticked up to 3.4% annually, reducing expectations for Fed rate cuts this year
- Core CPI forecast to moderate slightly due to falling car and airfare prices
- Analysts say more disinflation needed for Fed to gain confidence on inflation outlook
- Services inflation slowing but remains elevated due to housing and insurance costs
- Another hot inflation reading could further dampen market expectations for timing of rate cuts
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