Nick Timiraos said U.S. March core CPI rose 0.196%, slightly below expectations, but noted the Federal Reserve still needs more evidence that inflation pressures, including tariff-related effects, are easing.
Nick Timiraos said U.S. March core CPI increased 0.196%, coming in slightly below expectations. He added that one month of softer data is not sufficient for the Federal Reserve, which is looking for lower energy prices and greater confidence that tariff pass-through effects have ended before drawing broader conclusions on inflation.