Consumer prices rise at slowest pace since May 2021 as inflation shows signs of easing (Yahoo Finance)

The Consumer Price Index in March showed that inflation rose 0.1% over last month and 5.0% over the prior year, Yahoo Finance reported. The 5% increase marks the slowest annual increase since May 2021. “If I think about the economic outlook as four potential scenarios: (1) soft-landing, (2) recession, (3) continued overheating, (4) stagflation — the odds of stagflation went down while the odds of soft-landing went up. Good news for stocks,” Neil Dutta, head of economics at Renaissance Macro Research, wrote in reaction to the report.