Energy prices lift US inflation; fuel costs seen as ‘tax’ on consumers: William Lee

US inflation rose in March due to higher energy prices, while consumer confidence weakened and GDP growth slowed. Economists say the impact on household income and jobs is a bigger concern than inflation itself. Market indicators suggest the price rise may be temporary. At the same time, risks in private credit markets and potential oil supply disruptions linked to geopolitical tensions remain key factors to watch.

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