US inflation surged in March, with CPI rising 0.9% mom and lifting the annual rate from 2.4% yoy to 3.3% yoy. While the jump was significant, both figures came in slightly below expectations of 1.0% mom and 3.4% yoy respectively, suggesting the energy-driven spike was largely anticipated. The surge was overwhelmingly driven by energy costs. […]The post US CPI at 3.3% Misses Expectations, Second-Round Effects Still Limited appeared first on ActionForex.