Fragile U.S.–Iran ceasefire keeps markets on edge ahead of CPI

Investors kept a wary eye on a fragile U.S.–Iran ceasefire as stock futures stayed muted, while oil rose on Hormuz bottlenecks and traders awaited the March CPI data. Gold eased amid a firmer dollar and inflation concerns, with economists expecting the headline CPI to rise on higher energy prices and core inflation to advance more moderately, likely shaping the Fed’s near-term stance.