Economists predict that the U.S. March CPI will rise 1% month-over-month, making it difficult for the Federal Reserve to cut interest rates.
ChainCatcher news, according to Golden Ten Data, economists say that the sudden rise in gasoline prices felt directly by US consumers will be fully reflected in the key inflation data to be released this week. It is expected that the US March CPI will increase by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may rise 0.3% month-on-month. Economists point out that persistent price pressures, as well as new inflation risks stemming from the Middle East war, may make it difficult for the Federal Reserve to cut interest rates this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays: Bloom Energy (BE.US) demand turning point is steeper than expected, rating raised to "Buy"
Barclays has upgraded Bloom Energy’s rating from "equal weight" to "overweight," setting a target price of $289.
Competitor turns supplier as the "new owner"! Bank of America: Marvell Technology's acquisition of Lumentum may prompt Cisco and Ciena to seek other sources
Bank of America analysts stated that Marvell Technology's acquisition of Lumentum may prompt Ciena and Cisco to diversify their optical component suppliers.
Goldman Sachs traders warn of an "invisible bear market": S&P 500 is only 3% away from its all-time high, but 60% of its constituent stocks have entered bear market territory.
The S&P 500 Index is only about 3% away from its latest record high, but 60% of the constituent stocks in this benchmark index are deeply entrenched in bear market territory.
Crypto prices
More
