Milei's "Miracle" Faces First Cracks As Argentina's Unemployment Rises

Core CPI Prints Cooler Than Expected Despite Biggest Jump In Energy Prices Since 2005 While PCE showed some signs of higher energy prices leaking into inflation prints, it was still February data. As we previewed, today's CPI data is for March and will bear the full brunt of the Iran War's impact on energy costs after Core CPI fell to its lowest in four years in February. The headline CPI soared 0.9% MoM (as expected) and while it was a big MoM jump, Consumer Prices rose 3.3% YoY (up from +2.4%...

​​​​​​​Trump Warns "A Whole Civilization Will Die Tonight"; State-Linked Media Says 'All Diplomatic Comms With US Suspended' Summary:  Kharg Island heavily bombed in preparation for potential US Marine/Special Forces ground siezure. Israel has begun attacking Iran's railway infrastructure, telling civilians to not take trains, cancelations across country. IRGC still defiant - announces new retaliatory attacks on petrochemical plants in eastern Saudi Arabia. Iran's 10-point counter to the US 15-point ceasefire shows signs of willingness to compromise ('reparations' from US dropped as a demand). Vance says war will end "very shortly". Tehran Times: All communications with...