Analyst: The impact of the oil price surge in March on US inflation can be glimpsed by observing gas stations.
Show original
According to Golden Ten Data on March 9, IG Group market analyst Tony Sycamore stated that since March, oil prices have surged by over 60%, setting an ominous backdrop for the March non-farm payrolls report. Looking ahead, in addition to Middle East news and crude oil volatility, the market's focus will also be on the core PCE data to be released this Friday, which is the Federal Reserve's preferred inflation indicator. The recent rise in oil prices is not included in the statistical window of the January report; this week's data will mainly confirm that U.S. core PCE inflation had already remained sticky at 3% before the escalation of the Iran situation. The increase in oil prices in March typically takes 6 to 12 weeks to be reflected in inflation data, which means it will appear in the April PCE inflation report released in May. However, gas stations react immediately, and drivers will feel the impact of oil prices on inflation before the official data is released.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Brent crude oil futures forward month contracts hit record highs
AIcoin•2026/03/09 11:33
Satellite images show Iran is still loading crude oil at its oil terminals
金十•2026/03/09 11:31
Satellite images show Iran is still loading crude oil at its oil terminals
金十•2026/03/09 11:31
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$67,461.66
-0.31%
Ethereum
ETH
$1,988.02
+1.44%
Tether USDt
USDT
$0.9998
-0.01%
BNB
BNB
$625.06
+0.71%
XRP
XRP
$1.34
-1.32%
USDC
USDC
$1
+0.00%
Solana
SOL
$83.22
+0.23%
TRON
TRX
$0.2850
-0.64%
Dogecoin
DOGE
$0.08985
+0.18%
Cardano
ADA
$0.2539
-0.35%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now