{"id":429453,"date":"2026-04-10T19:40:20","date_gmt":"2026-04-10T12:40:20","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/us-march-cpy-3-3-y-y-vs-3-3-expected\/"},"modified":"2026-04-10T19:40:20","modified_gmt":"2026-04-10T12:40:20","slug":"us-march-cpy-3-3-y-y-vs-3-3-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-march-cpy-3-3-y-y-vs-3-3-expected-429453\/","title":{"rendered":"US March CPY 3.3% y\/y vs 3.3% expected"},"content":{"rendered":"<div>\n<ul>\n<li class=\"whitespace-normal break-words pl-2\"><a href=\"https:\/\/investinglive.com\/news\/us-february-cpy-24-yy-vs-24-expected-20260311\/\" target=\"_blank\" rel=\"follow\">Prior <\/a>was +2.5% y\/y<\/li>\n<li class=\"whitespace-normal break-words pl-2\">CPI 0.9% m\/m vs +0.9% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior +0.3% m\/m<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Non-seasonally adjusted, unrounded ___% vs +0.47% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Core CPI 2.6% vs 2.7% y\/y expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior core 2.5%<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Core CPI m\/m +0.2% vs +0.9% expected<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Prior core +0.2%<\/li>\n<li class=\"whitespace-normal break-words pl-2\">Real weekly earnings -0.9% vs +0.1% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">CPI Supercore M\/M ___% vs +0.350% prior<\/li>\n<li class=\"whitespace-normal break-words pl-2\">CPI Supercore Y\/Y 3.1% vs 2.746% prior<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Consumer price inflation has been on a gradual but uneven path lower since peaking above 9% in mid-2022. The Federal Reserve&#8217;s aggressive tightening campaign \u2014 which brought the fed funds rate to 5.25-5.50% \u2014 succeeded in pulling headline CPI back below 3% by late 2024, but the final stretch toward the 2% target has proven stubborn, particularly in services.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Shelter costs, which make up roughly a third of the CPI basket, have been the single largest contributor to above-target inflation. Although private-sector rent measures have been cooling for over a year, the BLS methodology captures lease renewals with a significant lag, meaning the official data has been slow to reflect what landlords and tenants are seeing in real time. Most economists expect shelter disinflation to continue feeding through over the coming months, but the pace has repeatedly disappointed.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Beyond housing, services inflation more broadly has remained sticky. Categories like auto insurance, medical care, and dining out have proven resistant to monetary policy, driven by labor costs and sector-specific supply dynamics rather than broad demand pressures.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The Fed cut rates by 25 basis points in January, bringing the target range to 5.00-5.25%, and markets are pricing in further easing this year. But policymakers have emphasized data dependence, and any upside surprise in today&#8217;s report could push back expectations for the next move. The Iran conflict adds a wildcard \u2014 energy price shocks have historically complicated the Fed&#8217;s task by lifting headline inflation while simultaneously threatening growth.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +2.5% y\/y CPI 0.9% m\/m vs +0.9% expected Prior +0.3% m\/m Non-seasonally adjusted, unrounded ___% vs +0.47% prior Core CPI 2.6% vs 2.7% y\/y expected Prior core 2.5% Core CPI&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429453","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429453"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}