Zaid Admani

So it doesn't capture the surge in oil prices and the ripple effect that that's having on the economy right now.

Economists often estimate that every $10 increase in oil prices can add about 0.2 percentage points to inflation.

In fact, we're already seeing a real impact at the prompt.

The average gas price went from $2.90 a gallon before the war to around $3.50 today.

So the March report is going to be key.

The numbers there could get pretty ugly.

This inflation report is unlikely to influence the Federal Reserve's decision on interest rates.

The Fed is meeting next week and the market is pricing in a 99% chance

interest rates stay as is.

And with the potential resurgence of inflation, the Fed might have to wait even longer to cut interest rates.

We'll see what Fed Chair Jerome Powell has to say about it next week.

Let's shift gears and talk about Oracle.

They reported earnings

last night and the numbers came in strong.

Total revenues grew 22% to $17.2 billion, beating Wall Street estimates.

But the real headline is the cloud infrastructure business, which is basically Oracle's data center and AI computing segment.

Revenues there surged 84% to $4.9 billion, accelerating from the 68% growth last quarter and beating Wall Street expectations.

And it's Oracle's outlook that got investors really excited.

Oracle raised its fiscal 2027 revenue forecast to $90 billion, well above the $86.6 billion that analysts were expecting.

Management said that demand for AI cloud computing continues to outpace supply and that some of their biggest AI customers have recently strengthened their financial positions, which just means that more money is coming Oracle's way.