By Caitlin McCabe
After six weeks of fretting about surging oil prices, investors have finally gotten some answers about their inflationary impact.
The March CPI report showed prices up 0.9% from a month earlier and 3.3% from a year earlier-the largest annual increase since May 2024. Nearly three-quarters of the monthly increase was driven by higher gasoline prices.
Markets were little moved by the numbers, which were in line with economists' expectations. U.S. stock futures edged higher. European stocks gained after Asian indexes largely closed up. Treasury yields bounced up and down, while the WSJ Dollar Index retreated.
Oil prices retreated after climbing earlier Thursday. Brent crude fell less than 1% to under $96 a barrel.
With the U.S.-Iran cease-fire remaining on shaky ground, traders also are closely watching for updates in the Middle East. Talks between Tehran and Washington are scheduled for Saturday in Islamabad, though Iranian officials have said publicly their attendance is contingent on the situation in Lebanon.
Write to Caitlin McCabe at caitlin.mccabe@wsj.com
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(END) Dow Jones Newswires
April 10, 2026 09:43 ET (13:43 GMT)
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