Markets Brace for Inflation Data Amid Geopolitical Turbulence
Oil prices surge 50% since the Iran conflict began, pushing US gas above $4/gallon. This energy shock amplifies focus on Wednesday's Delta earnings as a bellwether for airline fuel cost impacts.
March's 178K job additions crushed expectations (65K forecast), delaying Fed rate cut urgency. 'The economy is absorbing the energy shock,' notes JPMorgan's Feroli, as markets rebound with all major indices gaining 3%+ last week.
Crypto markets watch CPI/PCE data closely - traditional market volatility often spills into digital assets. Bitcoin and Ethereum derivatives volumes spike on Bybit and Binance ahead of reports.
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