The US Consumer Price Index is set to rise 3.4% YoY in March, following the 3.2% increase in February.
Annual core CPI inflation is expected to edge lower to 3.7% YoY in March.
The inflation report could impact the market pricing of the June rate cut probability.
The high-impact US Consumer Price Index (CPI) inflation data for March will be published by the Bureau of Labor Statistics (BLS) on Wednesday at 12:30 GMT. Inflation data could alter the market’s pricing of the timing of the Federal Reserve (Fed) policy pivot at a time when investors have increasing doubts over the possibility of an interest-rate cut in June. Any surprise in inflation is expected to ramp up volatility around the US Dollar (USD).
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