This week’s market spotlight is squarely fixed on the eagerly awaited Consumer Price Index (CPI) report for March, scheduled for release on Wednesday at 8:30 a.m. EST. Following two consecutive months of higher-than-expected inflation reports, which have tempered market expectations for Federal Reserve rate cuts in 2024, investors are on edge, anxiously awaiting the latest inflation figures. Presently, market-implied probabilities indicate an almost equal likelihood of either a rate cut or a hold in June, with the March inflation data potentially playing a pivotal role in tipping the scales on…