The annual inflation rate eased more than expected in March, coming in at 2.4% on Thursday’s Consumer Price Index report. Multiple economists emphasized that March’s cooling may be temporary, as President Donald Trump’s reinforced tariffs and trade measures could reverse progress by raising consumer prices.
Expert Ideas: Joseph Brusuelas, chief economist for RSM, said that this will be the last cool CPI print for some time as tariff-induced inflation is on the way. The economist sees topline and core inflation to hit 4% to 4.5% by mid-summer of 2025.
“Look at the 0.1% decline in core goods prices because it is the last one that investors are going to observe for a good period,” Brusuelas wrote in a post on social media.
Chris Zaccarelli, chief investment officer …