Consumer inflation in the U.S. in focus amid uncertainty over interest rates
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This week, all eyes are on consumer inflation data in the United States, following a surprisingly strong payroll employment report that indicated a hot labor market. Consensus forecasts predict a monthly increase of 0.3% in March for both the headline CPI and the core CPI. ING aligns with the consensus but cautions that the data is still around double the rate that would bring the YoY rate down to the 2% target. Bank of America expects energy prices to rise slightly faster than seasonal trends. Economists worldwide are eagerly awaiting US inflation data for further clues about the future direction of American monetary policy. Thomas Monteiro, chief strategist at Investing.com, suggests that the recent surge in several commodities makes the data release even more critical for the market. Andrea Damico, chief economist at Armor Capital, highlights that services experienced a rebound in January, followed by a deceleration in February. The situation for goods is different and somewhat troubling, according to Damico. She predicts renewed pressure on the goods side in the March data.

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https://www.investing.com/news/economic-indicators/consumer-inflation-in-the-us-in-focus-amid-uncertainty-over-interest-rates-3370055