The latest Consumer Price Index data for March paints a brighter economic future, with inflation rising just 0.1% from the month before and 5.0% from the same period last year. This marks the slowest annual increase since May 2021, offering a strong indication of a potential soft-landing for the economy according to Neil Dutta, head of economics at Renaissance Macro Research. Dutta commented on the news, noting that the likelihood of stagflation had decreased, while the odds of a softer landing had increased – great news for the stock market.