The March Consumer Price Index (CPI) report shows headline inflation at +3.3% and core inflation at +2.6%, both slightly lower than expectations despite reaching the highest levels since May 2024. Significant upward pressure came from the energy index, which rose 10.9% on the month, and a 21.2% surge in gasoline prices. Market sentiment remains neutral as investors anticipate a decline in oil prices following a ceasefire announcement and upcoming negotiations between the US and Iran.