Bank of America forecasts a more moderate core CPI inflation for March, suggesting potential relief in inflationary pressures. Core CPI is expected to slightly decrease, influenced by a drop in core goods prices and lessened service price pressures, rounding to 0.2% month-on-month. The headline CPI is projected to slightly increase, rounding to 0.3% month-on-month. Such outcomes could bolster the Federal Reserve's confidence, potentially paving the way for a rate cut in June. Key Points: • Moderation in Core CPI: Expected to round down to 0.2% month-on-month due to a minor fall in core goods prices and reduced core ... (full story)