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Source document· March 24, 2026

The First Federal Reserve Inflation Forecast for March Is In -- and It's Not Pretty

View original at nasdaq.com
The First Federal Reserve Inflation Forecast for March Is In -- and It's Not Pretty Key Points Oil price shock events are historically bad news for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite…
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  • CPI expected to surge to 3.02% in March, up from 2.4% in February

    60% confidence
  • The Cleveland Fed is now forecasting a 3% CPI Inflation reading for March, up from 2.4% in February. There is now a higher probability of a Fed rate HIKE (8%) in April than a rate CUT (0%).

    60% confidence
  • Approximately 20% of the world's liquid petroleum needs travel through the Strait of Hormuz in a given day

    60% confidence
  • Stock Advisor's total average return is 898% compared to 183% for the S&P 500

    60% confidence
  • Stock Advisor's total average return is 898% compared to 183% for the S&P 500

    60% confidence
  • CPI is expected to surge to 3.02% in March 2026

    60% confidence
  • Personal Consumption Expenditures (PCE) are expected to jump from an estimated 2.67% in February to 3.14% in March

    60% confidence
  • A rapid increase in inflation has the potential to throw a monkey wrench into the Federal Reserve's current rate-easing cycle

    60% confidence
  • The Iran war represents the largest disruption to the global energy supply chain in history

    60% confidence
  • The Iran war represents the largest disruption to the global energy supply chain in history

    60% confidence
  • Gas prices in the US have moved up to $3.88/gallon, their highest level since October 2022. The 33% spike over the last month ($2.92/gallon to $3.88/gallon) is the biggest we've seen in the past 30 years.

    60% confidence
  • The Iran war represents the largest disruption to the global energy supply chain in history

    60% confidence
  • Personal Consumption Expenditures expected to jump from 2.67% in February to 3.14% in March

    60% confidence
  • Nvidia recommendation on April 15, 2005 would have turned $1,000 into $1,058,743

    60% confidence
  • Stock Advisor's total average return is 898%, compared to 183% for the S&P 500

    60% confidence
  • Sustaining the near-parabolic moves observed in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite will prove difficult, if not impossible, given high valuations and lack of rate cuts

    60% confidence
  • There is now a higher probability of a Fed rate HIKE (8%) in April than a rate CUT (0%)

    60% confidence
  • CPI is expected to surge to 3.02% in March 2026, up from 2.4% in February

    60% confidence
  • Netflix recommendation on December 17, 2004 would have turned $1,000 into $495,179

    60% confidence
  • Gas prices have moved up to $3.88/gallon, their highest level since October 2022. The 33% spike over the last month ($2.92/gallon to $3.88/gallon) is the biggest we've seen in the past 30 years.

    60% confidence
  • Personal Consumption Expenditures (PCE) are expected to jump from an estimated 2.67% in February to 3.14% in March

    60% confidence
  • Sustaining the near-parabolic moves in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite will prove difficult, if not impossible without Federal Reserve rate cuts

    60% confidence
  • Oil price shock events are historically bad news for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite

    60% confidence
  • We've shifted from an expectation of one or more rate cuts in 2026 to the very real possibility of rate hikes

    60% confidence
  • The probability of the central bank cutting rates at the April FOMC meeting is effectively 0% now, while the probability of a rate hike is 8.3%

    60% confidence
  • Approximately 20% of the world's liquid petroleum needs travel through the Strait of Hormuz in a given day

    60% confidence
  • Gas prices in the US have moved up to $3.88/gallon, their highest level since October 2022. The 33% spike over the last month ($2.92/gallon to $3.88/gallon) is the biggest we've seen in the past 30 years.

    60% confidence
  • Oil price shock events are historically bad news for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite

    60% confidence
  • Sustaining the near-parabolic moves in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite will prove difficult, if not impossible, if rate cuts are off the table

    60% confidence
  • Oil price shock events are historically bad news for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite

    60% confidence

Data points we hold from this source

Board of Governors of the Federal Reserve System · rate hike probability8.3 percent
Board of Governors of the Federal Reserve System · rate cut probability0 percent
What we know · the intelligence behind this page
Live from the substrate
What we're seeing
AI Capital Surge Meets Investor Caution: Record Funding Rounds and Government Contracts Amid Valuation Skepticism
A single-week cluster of large AI/fintech funding rounds (Socure, Stability AI, Emerald AI, Generalist AI, Instinct, Gatik, Regent Craft) shows venture capital still pouring into AI infrastructure, identity, and autonomy plays, while Palantir's Army TITAN contract win coincided with a 6% stock drop — signaling that even flagship AI-defense revenue isn't immune to market reassessment of AI valuations. Efficiency-focused innovations like Multiverse Computing's model compression suggest the sector is also pivoting toward cost/inference economics as capital intensity draws scrutiny.
Our read on the data ›
Signals we're tracking
EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
Patterns we're watching ›
Where sources disagree
Morgan Stanley & Co. LLC
The same metric (eps) for the same entity (Morgan Stanley & Co. LLC) reported for the identical fiscal period (Q1 2026) and observation date (2026-03-31) has two conflicting values: 3.43 USD_per_share vs 3.08 USD. This is not a temporal change — both observations claim to measure the same point in time. The ~10% discrepancy (0.35 USD difference) is material for a financial metric.
We flag conflicts openly ›
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