US consumer price inflation below expectations in February
US consumer price inflation data for February came in slightly below expectations across the board. However, while the Fed does not target this index, price pressures are still too strong to warrant a near-term Fed cut. The data does ease fears of resurgent inflation that resulted from a high January CPI reading.
6-month CPI accelerated further, rising by 3.63% annualized, the worst increase since September 2023. The “Core” CPI, which ...
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Stripping out more volatile food and energy prices, the core CPI also moderated, coming in at 0.2 percent in February. That ...
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