Fox Business anchor: If you ignore the record increase in gasoline prices, March CPI release “was actually a pretty good inflation report”
CNN reporter Matt Egan called it “the worst inflation report in years”
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From the April 10, 2026, edition of Fox News' America Reports
SANDRA SMITH (ANCHOR): Fox Business anchor David Asman and Solus Alternative Asset Management strategist Dan Greenhaus are with us. So, David and Dan, this is obviously critical, and as we got this inflation report today, the reason why we are seeing uncertainty and volatility there, is because of the energy markets. So, until the strait starts moving again and these ships start passing through, are we going to see decline in energy prices?
DAVID ASMAN (FOX BUSINESS ANCHOR): Well, remember yesterday the markets did pretty well, and oil was going up. Today, oil's going up and they're not doing pretty well, although we should mention the NASDAQ, the tech heavy NASDAQ, because of the [Magnificent Seven] stock, because of a certain number of stocks, is still in positive territory. But I think President Trump's messaging over the past couple of hours — because when markets opened, it looked pretty good. But the messaging was, has spooked markets a little bit. His hardcore — he's setting, I think he's setting the table for VP Vance's meeting with the Iranians tomorrow in Pakistan. So, I think that's what's happening. However, it is spooking the markets. That could change dramatically with the course of these negotiations they're having in Iran.
Having said that, we had this inflation number coming in, the media was painting it all wrong, saying it was a terrible inflation report. No. The core inflation number, which is what the Fed looks at as —
SMITH: Strips out food and energy.
ASMAN: Yeah, but that's what the Fed looks at, and that's what they raise or lower rates based on.
SMITH: I got ya.
ASMAN: It was lower than expectations. So, it was actually a pretty good inflation report. It just shows, and that was for March, that was during war territory. So, it shows that a lot of traders believe you can look through this oil crisis. You can look through the war to the end and see things coming up pretty well, because our economy is so solid.