#CPI&JoblessClaimsWatch ⚠️ A separate report from the Labor Department showed the labor market held steady in early April, though economists are bracing for layoffs because of the import duties.
Goods inflation was, however, seen partially offsetting the anticipated services disinflation.
"While we do expect stronger goods prices by the summer in components like apparel and furniture, March CPI is emblematic of a key conflict for inflation data this year: softer demand will weigh on prices broadly but especially in services, partly offsetting the effect of higher costs," said Veronica Clark, an economist at Citigroup.
