Breaking news!
The US Department of Labor has released inflation veri for February.
US CPI rose 0.4 percent in February, in line with expectations.
The annual CPI fell from 6.4 percent to 6 percent in February.
Core CPI rose 0.5 percent against expectations of a 0.4 percent increase.
WHAT WILL THE FED DO?
While the expectation that the Fed will not raise rates for the remainder of the year is reflected in money market pricing, a rate hike of 25 basis points is predicted at the meeting with a probability of 75 percent. hold next week.
On the other hand, expectations that the Fed will cut interest rates from the second half of the year are gaining momentum.
The US Department of Labor has released inflation veri for February.
US CPI rose 0.4 percent in February, in line with expectations.
The annual CPI fell from 6.4 percent to 6 percent in February.
Core CPI rose 0.5 percent against expectations of a 0.4 percent increase.
WHAT WILL THE FED DO?
While the expectation that the Fed will not raise rates for the remainder of the year is reflected in money market pricing, a rate hike of 25 basis points is predicted at the meeting with a probability of 75 percent. hold next week.
On the other hand, expectations that the Fed will cut interest rates from the second half of the year are gaining momentum.