After six weeks of fretting about surging oil prices, investors have finally gotten some answers about their inflationary impact. VERBATIM: The March CPI report showed prices up 0.9% from a month earlier and 3.3% from a year earlier – the largest annual increase since May 2024. Markets were little moved by the numbers, which were […]
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March Consumer Price Index
After six weeks of fretting about surging oil prices, investors have finally gotten some answers about their inflationary impact.
VERBATIM:
The March CPI report showed prices up 0.9% from a month earlier and 3.3% from a year earlier – the largest annual increase since May 2024.
Markets were little moved by the numbers, which were in line with economists’ expectations. U.S. stock futures were little changed. European stocks gained after Asian indexes largely closed up. Treasury yields inched lower, alongside the U.S. dollar.
Oil prices were little changed after climbing earlier Thursday. Brent crude was flat at just under $96 a barrel.
Bernie Bennett, Washington.