“US economy braces for impact as March CPI surges 5%, core inflation reaches 5.6%: Live updates and market reaction”

US inflation data released for March shows a rise of 5% in the Consumer Price Index (CPI) and an increase of 5.6% in core inflation, which excludes the volatile food and energy prices. The rise in inflation has been attributed to a combination of supply chain disruptions, pent-up demand due to the pandemic, and fiscal stimulus measures. Treasury yields rose as investors await further data on the inflation trend. Meanwhile, stock index futures moved higher ahead of the inflation data as well as the release of Federal Reserve meeting minutes. Investors are keeping a close eye on the inflation trend, as rising prices could impact the future course of monetary policy.