US PCE Price Index YoY (Mar) Y/Y 3.5% (Prev. 2.8%)

The March YoY PCE Price Index came in at 3.5%, significantly higher than the previous reading of 2.8%. This sharp increase may suggest rising inflationary pressures, which could influence the Fed's policy response and possibly shift market expectations around interest rates. Traders should watch for implications on the USD and broader risk sentiment as this data reflects the ongoing growth-inflation mix.