Analyst: CPI data may be "ignored," US-Iran negotiation the sole variable

BlockBeats News, April 10th: Forex analyst Giuseppe Dellamotta stated that given the market's focus on the US-Iran negotiations and the widely believed view that the March inflation data increase was war-driven, the market is likely to overlook today's data as everything depends on the outcome of the US-Iran negotiations. We can see a significant divergence in forecasts for overall CPI, but forecasts for core CPI are more clustered.

The Federal Reserve is currently in a firm neutral position but has opened the door to further tightening in case inflation expectations start to rise or if the duration of the war is longer than expected. The market expects there to be a 7 basis point easing space by the end of the year, meaning that in 2026, there are expectations for neither rate hikes nor rate cuts. (Krypton)