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“There is going to be a headline sticker shock here,” said Michael Metcalfe, head of macro strategy at State Street.
PriceStats data indicates inflation could jump by 1.5% in March from February.
KEY POINTS
- 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
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