inflation, Fed and Iran
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Economists anticipate headline inflation in March rose 3.4% from a year ago and 0.9% from a month prior — a rapid acceleration from February's levels.
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Key Fed inflation rate ran hot before oil prices jumped; S&P 500 futures slip
Consumer price index data for March is due Friday.
Prices for everyday household purchases were up at an annual clip of 2% last month, down from 2.7% in February, according to the data analysis firm’s Consumer Goods Price Index.
Inflation data is front and center this week as traders return from the long weekend: Wednesday’s personal-consumption expenditures index and Friday’s consumer-price index will give the Federal Reserve two new reads on price pressures.
They say patience is a virtue, and that is being tested this week as the January jobs report from the Labor Department gets released five days behind schedule on account of the short government shutdown last week. Economists are looking for a gain of about ...
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After Wednesday's big stock-market rally, investors will watch for signs of whether the tentative cease-fire between Iran and the U.S. will stick. Meanwhile, they also await updates on inflation data,
Government data out Friday will show how much consumer prices rose in March — and forecasts point to soaring inflation. Over the past month, the US-Israel war on Iran has sent gas prices skyrocketing past $4 a gallon and all but ensured that recent reports of cooler price growth will be reversed.
The 10-year Treasury yield was little changed on Thursday as oil prices rallied and investors digested a number of key data releases.
March CPI is expected to show the inflationary hit from higher oil prices, but investors will be watching whether price pressures are spreading beyond energy.