The TIPS Trap: How SCHP Can Lose Double Digits When Interest Rates Spike

Inflation remained elevated, with CPI at 330.293 in March 2026 versus 320.302 a year earlier, while Core PCE sits in the 90.9th percentile of its 12-month range. The data points to persistent price pressure and supports a more hawkish monetary policy stance. This is market-wide relevant because sticky inflation can delay rate cuts and keep yields elevated.

Analysis

Inflation remained elevated, with CPI at 330.293 in March 2026 versus 320.302 a year earlier, while Core PCE sits in the 90.9th percentile of its 12-month range. The data points to persistent price pressure and supports a more hawkish monetary policy stance. This is market-wide relevant because sticky inflation can delay rate cuts and keep yields elevated.