![]() The Fed hikes rates until something breaks and clearly, we’re seeing some stresses in the banking sector.” ![]() But the CPI is kind of deemphasized from how laser focused everyone has been on it over the last year or so. “The CPI did come in a little bit hotter month over month on core. JOSHUA CHASTANT, SENIOR INVESTMENT ANALYST, GUIDESTONE FUNDS Treasury yields seesawed lightly, with the 2-year note last off at 4.234%, and the 10-year note a bit lower at 3.5676%FOREX: The euro ticked 0.1% higher against the U.S. stock index futures extended gains and were last up 1.2%, pointing to a solid open on Wall Street BONDS: U.S. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. Year over year core CPI gained 5.5% vs 5.6% in January. The CPI rose 6.4% in the 12 months through January.Ĭore CPI without food and energy prices increased 0.5% after rising 0.4% in January. That lowered the year-on-year increase in the CPI to 6.0% in February, the smallest annual gain since September 2021. ![]() The Consumer Price Index (CPI) rose 0.4% after accelerating 0.5% in January, the Labor Department said on Tuesday. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks. ![]()
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