Fed faces split signals

U.S. producer‑price data for March came in softer than expected, suggesting some domestic price pressures are easing, but officials warned oil-linked risks could keep policy tight. Treasury Secretary Scott Bessent said core inflation is falling and repeated calls for a Fed cut, while the Chicago Fed’s Austan Goolsbee warned that persistent high oil prices tied to the Iran war might delay rate cuts until 2027 (markets.financialcontent.com, reuters.com).