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April 02, 2026
Russia’s Inflation Will Hover Around 5.9% in March
April 2, 2026 7:48 AM UTC
Bottom Line: After edging down to 5.9% in February from 6% in the previous month, we expect Russian inflation to continue its decreasing pattern moderately in March owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB. March inflation figures will be anno
April 01, 2026
Preview: Due April 10 - U.S. March CPI - Energy to surge, but core rate seen similar to February
April 1, 2026 7:26 PM UTC
We expect March CPI to surge by 1.0% overall, which would be the strongest rise since June 2022, seen in the aftermath of the Russian invasion of Ukraine. However we expect only a moderate increase ex food and energy, of 0.22% before rounding, which would match that seen in February.
Bank of Canada Minutes from March 18 - Too early to judge impact of war, tone far from hawkish
April 1, 2026 6:05 PM UTC
The Bank of Canada has released minutes from its March 18 meeting, which left rates unchanged at 2.25% as expected though we felt that the tone of the statement was somewhat dovish. The minutes show that the BoC felt that it was too early to assess the impact of the conflict in the Middle East, thou
Preview: Due April 9 - U.S. January Personal Income and Spending - Core PCE Prices to outperform CPI
April 1, 2026 2:44 PM UTC
We expect February to see a third straight strong 0.4% increase in core PCE prices, while personal spending with a 0.6% increase outperforms a 0.3% rise in personal income. This will see a January bounce in savings corrected.
U.S. March ISM Manufacturing - Composite firm but new orders slower and prices strong
April 1, 2026 2:17 PM UTC
March’s ISM manufacturing index at 52.7 is slightly improved from February’s 52.4 and maintains a sharp improvement into positive territory in Q1. However rising prices paid and slowing new orders provide some warnings that surging energy prices could have adverse effects.