US Inflation Data and Fed Policy Meetings Take Center Stage Next Week

US consumer price data coming next week expected to show slowing underlying inflation, supporting Fed's cautious stance on rate cuts
Core CPI seen rising 0.3% monthly in March, down from 0.4% in February
Several Fed officials said rates should stay put until clearer sign inflation easing toward 2% target
Jobs report showed unexpected strength, raising questions about extent of labor market cooling
Global central banks including Bank of Canada, ECB, and Bank of Israel also have meetings next week, with policymakers split on rate cut outlooks