"March CPI Report Reignites Concerns Over Inflation and Rate Cuts"

The March CPI report is expected to show another increase in inflation, with analysts predicting a rise in both headline and core CPI. The market is not expecting any surprises and anticipates an in-line number. Rising inflation expectations have led to a reevaluation of rate cut projections, with fewer rate cuts now being priced in. This could lead to a stronger dollar and better financial conditions, as the market adjusts Treasury yield curve rates in response to the hot inflation reading.