
Energy-driven PPI rise in March undershoots expectations, fueling Fed hold bets
March PPI rose 0.5%—below the 1.1% consensus—driven mainly by energy costs (gasoline +15.7%, diesel +42%), while core PPI advanced only 0.1%. The all-items PPI climbed 4% year over year (core 3.8%), with services flat. The inflation signal remains mixed as energy pressures ease and guidance toward the Fed’s 2% target supports expectations for rates to stay on hold; markets showed little reaction to the data.













