"Consumer prices rose 0.9% for the month and 3.3% year-over-year, driven almost entirely by a 10.9% surge in energy costs tied to the U.S.-Iran conflict."
"The Fed's preferred gauge, core PCE, came in at 2.97% year-over-year in February, just below 3%, indicating persistent inflation pressures."
"The index has recovered ground since the Iran conflict began, closing Thursday near $680, up about 4% over the past week, but the rally appears to be more a function of positioning adjustments."
Consumer prices increased by 0.9% in March, with a year-over-year rise of 3.3%, primarily driven by a 10.9% surge in energy costs linked to the U.S.-Iran conflict. The core PCE inflation rate was 2.97% year-over-year in February. The S&P 500 futures showed minimal movement, indicating caution among investors. The index has seen a 4% increase over the past week, but the rally is attributed more to positioning adjustments than to renewed economic confidence.
Read at 24/7 Wall St.
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