The ASX200 fell about 0.25% to a three week low, marking a seventh straight session of declines. March CPI surprised a touch below forecasts at 4.6% headline while trimmed mean was 3.5%, leaving markets still pricing a likely RBA hike next Tuesday. Utilities and energy outperformed, oOh!Media jumped on a Pacific Equity Partners bid. Watch the US Fed decision and major US tech results.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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