The BLS said March CPI rose 0.9% from the prior month and 3.3% from a year earlier, slightly below analyst expectations. The BLS said the energy index rose nearly 11%, led by a 21.2% jump in gasoline prices. CME Group's FedWatch tool showed a 0% chance of an April rate cut and 98.4% odds of rates staying on hold. Bitcoin rose more than 1.5% and briefly touched $73,000 after the release.
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US March CPI Hits 3.3% as April Rate Cut Odds Stay Near Zero
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