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Economists predict that the U.S. CPI in March will rise by 1% month-on-month, making it difficult for the Federal Reserve to cut interest rates
According to Jinshi News, economists say that the sudden rise in gasoline prices felt by American consumers will be fully reflected in the key inflation data to be released this week. The U.S. March CPI is expected to rise by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may rise by 0.3% month-on-month. Economists point out that persistent price pressures and new inflation risks brought about by the Middle East war may make it difficult for the Federal Reserve to lower interest rates this year.
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