The highly anticipated consumer price index (CPI) report for March is due on Wednesday, and the data could cause market fluctuations due to its potential impact on near-termFederal Reserveinterest rate decisions.

Inflation Forecast:Economists generally predict a slight slowdown in the month-over-month inflation rate, with consumer prices and the core reading potentially rising by 0.3% in March compared to 0.4% in February.

However, on a year-over-year basis, inflation is expected to pick up slightly, with an average forecast of 3.4% growth compared to 3.2% in February. The core annual rate, which excludes volatile food and energy prices...