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                          ECB’s Wunsch Open to April Rate Rise, More May Follow if Crisis Lasts

The head of Belgium’s central bank said the ECB may hike its key interest rate multiple times if the Middle East energy crisis persists.
Eurozone annual inflation rose to 2.5% in March from 1.9% in February as energy prices surged, with further increases likely.
ECB economists forecast inflation could average 3.5% this year under an adverse scenario, well above its 2% target.

                          U.S. Services Sector Faced Heightened Inflation in March

The prices index for U.S. services firms rose to a four-year high of 70.7 last month, driven by the war in Iran.
The services industry remained in expansion in March, but its overall index declined to 54, and employment contracted.
The prices index saw its largest one-month increase in 13 years, prompting economists to watch for broader price spread.

                          Jamie Dimon Warns of Higher Inflation, Interest Rates From Iran War

JPMorgan Chase CEO Jamie Dimon warned that the war in Iran could drive up inflation and depress financial markets if interest rates rise.
Dimon also offered advice on European Union reform, U.S. public education, and noted New York City’s high taxes.
He expressed concerns about private credit underwriting standards and that private credit funds’ push for retail investors required “greater transparency.” 

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