Episode Details

Marchs U.S. consumer prices surged by 0.9%, the highest in nearly four years, due to soaring oil prices from the U.S.-Israel conflict and ongoing tariff impacts. Inflation over the past year reached 3.3%, meeting economists predictions. Global crude prices spiked by over 30%, pushing average gas prices above $4 per gallon for the first time in over three years. Despite a two-week ceasefire announcement, the deal appears fragile. Higher diesel prices are causing transport cost increases and potential budget strains for households. Strong job growth indicates a stable labor market, but a prolonged conflict could lead to spending cuts and business pressure. Core inflation, excluding food and energy, rose by 0.2% to 2.6% year-over-year, offering no relief for the Federal Reserve. More officials are now considering rate hikes instead of cuts due to tariff pass-throughs offsetting rent drops. April is expected to see secondary price increases from pricier jet fuel and diesel, casting doubt on Trumps promised lower costs.

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