US Inflation Gauge Supports Fed's Patient Approach to Interest Rates
===============
#25542783 ver:1.22
US consumer inflation unexpectedly accelerated in February, with the annual consumer price index (CPI) coming in at 3.2%, higher than the expected 3.7%. The 'core' CPI, which excludes volatile food and energy prices, slightly decreased to 3.8%. The increase in prices adds pressure on President Joe Biden as he seeks reelection. The Federal Reserve is likely to focus on 'core' inflation when deciding on interest rate cuts, with the goal of lowering inflation. The Labor Department noted that the indexes for shelter and gasoline both rose in February, contributing to the overall increase. Energy prices rose 2.3% from January to February. Economists expect officials to want more evidence of sustainable price decreases before considering rate cuts. Contrary to market expectations, the United Sta...
#newstr #UsInflation #FederalReserve #InterestRates #CorePersonalConsumptionExpenditures