# “There is going to be a headline sticker shock here,” said Michael Metcalfe, head of macro strategy at State Street.

*business · news · 2026-04-10 · The Boston Globe*

## Key points

- PriceStats data indicates inflation could jump by 1.5% in March from February.
- Core prices are projected to rise 2.7% year-over-year in March, up from 2.5% in February.
- Gas prices soared 20% in March, averaging $4.17 per gallon, up 69 cents from last month.
- Investors now do not expect the Fed to cut rates until late 2027.
- Analysts expect food price acceleration to lag behind fuel price increases by one or two months.

**Companies:** State Street, UBS
**Countries:** United States

[Read the full story on The Boston Globe](https://www.bostonglobe.com/2026/04/10/business/consumer-prices-report/)

---

Canonical: https://newsio.io/n/358b0ae3-5e9d-4657-8a7d-dafac426ee22/there-is-going-to-be-a-headline-sticker-shock-here-said-michael-metcalfe-head-of
Summarized by Newsio from The Boston Globe. https://newsio.io/how-it-works