Posted 4/8/2024, 3:30:51 PM
CPI Report Expected to Show Inflation Holding Steadily High
- March CPI report expected to show inflation remaining elevated at 0.3% monthly and 3.4% yearly
- Core CPI also forecasted to be hot at 0.3% monthly and 3.7% yearly
- Readings in line with forecasts would still indicate high inflation inconsistent with 2% target
- Market has repriced outlook to reflect stickier near-term inflation and fewer Fed rate cuts
- An in-line print this month would be considered bad given ongoing inflation trends
