U.S. CPI Watch: U.S. CPI Jumps 0.9% in March, Highest Since 2022 as Oil Drives Inflation Surge
Key TakeawaysU.S. CPI rose 0.9% MoM, largest increase since 2022.Inflation hit 3.3% YoY, fastest pace since 2024.Gasoline accounted for ~75% of the monthly increase.Core CPI (ex-food & energy) slowed to 0.2% MoM.Inflation Surges on Energy ShockLatest data from the U.S. Bureau of Labor Statistics shows a sharp acceleration in inflation for March, with headline CPI rising 0.9% month-on-month.This marks the largest monthly increase since 2022, highlighting the growing impact of energy prices on the broader economy.Gasoline Prices Drive Majority of IncreaseThe surge in inflation was overwhelmingly driven by rising fuel costs linked to geopolitical tensions.Key detail:Gasoline contributed nearly three-quarters (~75%) of the CPI increaseThe spike reflects the ripple effects of higher oil prices amid the Iran conflict, which has tightened global energy supply.Yearly Inflation Accelerates to 3.3%On a yearly basis:CPI rose 3.3% YoY, the fastest pace since 2024This suggests inflation pressures are re-accelerating after a period of relative stabilization.Core Inflation Shows Signs of CoolingDespite the headline surge, underlying inflation remains more contained:Core CPI (excluding food and energy): +0.2% MoMThis indicates that:Price pressures are still largely energy-drivenBroader inflation may not yet be fully entrenchedMarket ImplicationsThe data presents a mixed signal for markets:Bullish for rates / USD:Strong headline inflationReinforces “higher-for-longer” Fed stanceNeutral-to-positive for risk assets (conditionally):Core inflation remains controlledSuggests inflation spike may be temporary if energy stabilizesEnergy vs Core Inflation BattleThe key question going forward is whether energy-driven inflation spills into the broader economy.Markets will closely watch:Wage growth trendsCore inflation trajectoryOil price stabilityIf energy pressures persist, inflation could remain elevated. If not, the spike may prove temporary.For now, the data reinforces a macro environment of elevated uncertainty, with inflation increasingly tied to geopolitical developments.
$BTC /USDT – Market Update 🚀 BTC is trading around 69,780 after facing rejection near the 70.7k–72k zone. Price previously bounced from 68,308, but current candles are turning red, showing short-term selling pressure and hesitation near resistance. {spot}(BTCUSDT)
Market structure is still volatile, with buyers active near support while sellers are defending higher levels.
Earlier, India’s water used to flow out of the country. Now India’s water will flow for India’s interests. India’s water will be stopped for India’s interests. And India’s water will work in India’s favour
EU to Invest €1.3 Billion in Strategic Technologies by 2027
According to PANews, the European Commission announced on March 28 that it will invest €1.3 billion between 2025 and 2027 to deploy key technologies of strategic importance to Europe, including artificial intelligence and cloud computing. The funding will be allocated through the 'Digital Europe' program, focusing on the deployment of artificial intelligence and its applications in business and public administration, cloud computing and data, cybersecurity resilience, and the development of digital technology skills.
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