Analyst: The US March CPI data may reflect the impact of the Iran energy shock for the first time in a substantial way
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```htmlGolden Ten Data reported on April 9 that analysts from First Citizens Bank in the United States stated in a report that the U.S. CPI data to be released on Friday is expected to reflect, for the first time in a significant way, the transmission of the Iranian energy shock. Driven by soaring energy costs, overall inflation will accelerate. The bank's head of market and economic research said: "As core inflation is less affected—though still significantly above target—the Federal Reserve will currently ‘ignore’ the energy-driven inflation spike." He noted that this will reinforce the Federal Reserve's stance of keeping rates on hold for a long time, and will closely tie any potential rate cuts to the normalization of energy prices.```
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