Once again, inflation came in hot for a second straight month.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeand the Topix trading lower. South Korea's Kospi rose after February's jobless rate fell to 2.
Still, core inflation — excluding food and energy — was stronger than expected, up 0.4% last month, which reflects lingering stickiness in price pressures. "We have the numbers we have and this wasn't great news for the Fed but markets don't see it as a big threat to rate cuts later in the year," Kathy Jones, chief fixed income strategist at Charles Schwab,Yet, the hot print poses a problem for the Fed and muddies the water for its deliberations on the coming rate cuts.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
CNBC Daily Open: A mixed picture on U.S. jobs growthU.S. jobs growth continues to boom but there are also clear signs the labor market is cooling.
Lire la suite »
CNBC Daily Open: A mixed picture on U.S. jobs growthU.S. jobs growth continues to boom but there are also clear signs the labor market is cooling.
Lire la suite »
CNBC Daily Open: Markets brace for key U.S. inflation gaugeWall Street is bracing for a key inflation gauge that will once again test the markets.
Lire la suite »
Google's Latest AI Language Models Are Open Weight, Not Open SourceI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Lire la suite »
Colorado remains a leader for economic prosperity, but stubborn pockets of malaise persistIf Colorado’s economy were viewed as a drought map, the Front Range from the Wyoming border to Colorado Springs has abundant water and ranks high for prosperity, with Douglas County the equiv…
Lire la suite »
Restaurants across America are in crisis because of stubborn dinersBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Lire la suite »