U.S. March PCE Inflation Report — Heat Is Back Headline PCE (Y/Y): 3.5% (in line with forecast, up from 2.8%) Headline PCE (M/M): 0.7% (in line, up from 0.4%) Core PCE (Y/Y): 3.2% (in line, up from 3.0%) Core PCE (M/M): 0.3% (in line, slightly down from 0.4%) In the very first month following the escalation of the Iran conflict, the Fed’s preferred inflation gauge has surged to its highest level in years Headline PCE climbed to 3.5%, marking its highest reading since August 2023. Meanwhile, Core PCE — which strips out volatile food and energy prices — rose to 3.2%, the highest since November 2023 #FedApril4Dissents #CPIInRateCutsFade $BTC $ETH $SOL $XRP