The Labor Department announced today that consumer prices in Februaryindex(CPI) rose 6% year-on-year, in line with market expectations, and the lowest annual increase since September 2021, indicating that inflation is continuing to decline.
Market analysts had expected US consumer price growth to remain moderate, and investors were assessing the potential impact of the latest report on interest rate policy amid the shock of last week’s Silicon Valley Bank collapse.
➤➤➤February CPI met expectations, U.S. Stock futures rose nearly 1%
The Consumer Price Index (CPI) rose 6.4% in January, slightly lower than December’s 6.5% last year, the lowest since October 2021, but higher than market expectations of 6.2%
As inflation continues to slow across the US, the Federal Reserve (Fed) announced in Februaryraise interest rates1 yard (0.25 percentage point), the first rate hike this year.federal ReserveThere will be another policy meeting next week, and the market is expecting another 1 yard hike in the interest rate, or it may not.
The Federal Reserve raised interest rates by 1 yard and 2 yards in March and May last year, and raised interest rates by 3 yards in June, July, September and November, and only 2 yards in December.
finance (translate to tags) rate hike