US Core PPI YoY (Mar) Y/Y 3.8% vs. Exp. 4.2% (Prev. 3.9%, Low. 3.9%, High. 4.4%)

The US Core PPI year-over-year came in light at 3.8%, missing expectations of 4.2%, which may suggest softer inflationary pressures than anticipated. This miss could influence the Fed's policy outlook, potentially supporting a pause or shift in their rate path if sustained over time. Overall, this figure may drive increased scrutiny on the inflation trajectory and risk sentiment in both the equity and bond markets.