Americans faced persistently higher costs for rents and food, posing a dilemma for the Fed.
last week that the U.S. central bank would likely need to raise rates more than expected, leading financial markets to expect that a half-percentage-point rate increase was on the table next week.
Excluding the volatile food and energy components, the CPI increased 0.5%, the biggest gain since September, after rising 0.4% in January. Given that inflation is far from subsiding and the labor market is still tight, some economists expect the Fed to press ahead with its rate hiking campaign. Independent measures, however, suggest rental inflation is cooling, leading many economists to believe that price pressures could decelerate considerably in the second half of the year. The rent measures in the CPI tend to lag the independent gauges.
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.
Robinhood sees higher stock trading, accounts and margin balances in February, but active users stay flatTrading platform Robinhood Markets Inc. on Monday said user accounts ticked higher month-over-month in February, but said other metrics remained the same...
Lire la suite »
Inflation rose 6% in February as Fed mulls more rate hikes amid bank chaosTurmoil in the banking sector raised questions about the Fed’s next move to combat inflation.
Lire la suite »
U.S. Inflation Cooled in February as Fed Confronts Bank FailuresBreaking: Inflation was lower at 6.0% in February as the Federal Reserve faces dual threats of rising prices and financial instability
Lire la suite »
US inflation eased in February but remains high, putting Fed in tough spotEven though prices are rising much faster than the Fed wants, some economists expect the central bank to suspend its year-long streak of interest rate hikes when it meets next week.
Lire la suite »
US inflation eased in February but remains high, putting Fed in tough spotEven though prices are rising much faster than the Fed wants, some economists expect the central bank to suspend its year-long streak of interest rate hikes when it meets next week.
Lire la suite »
U.S. stocks open higher after headline CPI data show February inflation was in line with expectationsU.S. stocks opened higher Tuesday after headline data on inflation came in line with expectations. The Dow Jones Industrial Average was up 1% soon after the opening bell:
Lire la suite »