U.S. March CPI just came in at 3.3% YoY ( versus 3.4% expected, 2.4% previously ).


Core CPI at 2.6% YoY ( versus 2.7% expected ).
Slightly cooler than anticipated.
Iran oil shock (WTI $67 → $115 ) does not fully appear in this report as aggressively as many expected.
Immediate implication: The hope for rate cuts remains alive for June/July. The market is likely to surge on relief.
It's your call: Is this the peak of inflation fears… or just a delayed hot print still to come?
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