VTI - The March CPI Report Is Expected To Be Hot For The Third Straight Month

2024-04-08 11:30:51 ET

Summary

• Analysts expect a 0.3% m/m increase in both headline and core CPI, indicating a stall in the disinflation process.
• Inflation expectations have risen, with the market pricing in fewer rate cuts and widening spreads between the Fed and other central banks.
• Rising energy prices, particularly gasoline, are driving the resurgence in inflation, leading to a stronger dollar and better financial conditions.

This Wednesday's March CPI report is expected to be another hot reading , with analysts looking for the headline report to rise by 0.3% m/m, down from 0.4% m/m while increasing by 3.4% y/y up from 3.2% y/y. Core CPI is expected to be hot, too, rising by 0.3% m/m, down from 0.4% m/m, while rising by 3.7% y/y, down from 3.8% last month....

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