# NewsOfTheDay

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CPI TODAY: WHAT THE NUMBERS ARE SAYING
Market forecasts put April headline CPI at 3.7% YoY, a 0.4% increase from March.
Gasoline drove nearly three quarters of March's 0.9% monthly CPI surge.
With gas prices up 51.7% since Iran war, a hot print reinforces Fed's "higher for longer" stance.
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