[Economist: U.S. March CPI May Surge by 1% MoM, Fed Unlikely to Cut Rates This Year] Jin10 News, April 5 – Economists have stated that the sudden rise in gasoline prices felt directly by U.S. consumers will be fully reflected in this week's key inflation data. It is expected that the U.S. March CPI will increase by 1% month-on-month, marking the largest single-month increase since 2022; core CPI is likely to rise by 0.3% month-on-month. Previously, the Iran conflict drove U.S. gas station gasoline prices up by about $1 per gallon. A day before the release of the CPI data, the Federal Reserve's preferred inflation gauge will provide insights into pre-conflict price pressures. Economists predict that the core PCE price index may have risen by 0.4% in February for the third consecutive month, indicating that the process of inflation easing to more moderate levels had already stalled even before the conflict erupted. Combined with signs of stabilization in the U.S. labor market, persistent price pressures, and new inflation risks stemming from the Middle East conflict, these factors help explain why the Federal Reserve may find it difficult to lower interest rates this year.