CPI Report Today: Inflation Heat Could Shake Markets Again

The post CPI Report Today: Inflation Heat Could Shake Markets Again appeared first on Coinpedia Fintech News Markets are bracing for a hot April CPI report, with economists expecting headline inflation to rise 3.7% year-over-year after March’s sharp 0.9% monthly jump. Surging gasoline prices — fueled by escalating Iran-related oil tensions — were responsible for nearly three-quarters of March’s inflation spike. A stronger-than-expected reading would reinforce the Federal Reserve’s “higher for longer” …