Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast
As measured by CPI, inflation in the US is set to rise at an annual pace of 2.9% in February, down slightly from 3.0% reported in January. Core CPI inflation, which excludes the volatile food and energy categories, is expected to ease to 3.2% in the same period from a year earlier, compared to a 3.3% growth in January.
Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.
CPI is now well within RBIs main inflation target of 4%, warranting a possibility of yet another 25 bps rate cut from the ...
17h
The slower pace of U.S. inflation in February is in line with the moderation seen over the past couple of years, yet it remains above the Federal Reserve’s target, as many areas of the consumer-price ...
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