0610 GMT - U.S. CPI report for March on Friday is unlikely to change the Federal Reserve's mind about holding interest rates steady at its upcoming meeting, Russell Investments' BeiChen Lin says in a note. "However, the direction and magnitude of a surprise versus the consensus inflation expectations could drive whether the Fed's commentary skews hawkish or dovish," the senior investment strategist says. Russell Investments continues to think that interest rate hikes by the Fed seem "very unlikely" in 2026. Analysts' consensus forecast for the headline inflation is for an acceleration to 3.3% in March from 2.4% in February, while core inflation is expected at 2.7% after 2.5%. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 07, 2026 02:10 ET (06:10 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments