After annualized CPI rebounded to 0.00% in February following the -0.10% print in January, March saw the number fall back to negative territory, adding to a slew of poor macroeconomic figures dogging the outlook. The general optimism surrounding the prospect of higher interest rates from Federal Reserve voting members might be shelved as raising rates will be highly dependent on the anchoring of inflation and positive trajectory. Without a rebound towards the Federal Reserve’s longer-term 2.00% inflation target, FOMC members might be forced to revise their forecasts lower to reflect the dimming outlook. The CPI figures saw dollar momentum continue to the downside with the biggest move felt in equity benchmarks despite the pickup in the deal-making environment. The Dow Jones Industrial Average slumped, falling -1.54% followed by the -1.52% loss in the Nasdaq Composite.