BofA Forecasts US March CPI +0.9%

Bank of America projects headline US CPI to rise 0.9% month‑over‑month in March, driven by a 10.6% jump in energy prices.
Core CPI is expected to increase 0.3% month‑over‑month, implying a 3.1% annualized rate above the Fed’s 2% target.
Used car prices forecast to rise 1% month‑over‑month, adding 0.23% to core goods, while core services climb 0.28%.
BofA expects core PCE to grow 0.20% month‑over‑month and 3.1% year‑over‑year, noting the outlook likely won’t calm hawkish Fed members.