U.S. inflation rises 3.2% in February, faster than estimates
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Here's why the market shrugged off the CPI beat - Wolfe Research
March 13, 2024 3:30 PM EDTOn Tuesday, February's US CPI data was released. The consumer price index increased 0.4% for the month and 3.2% from a year ago.
The data tempered expectations regarding when the Federal Reserve may begin to start cutting rates. Analysts at Wolfe Research said in a note that, in theory, another 0.4% month-on-month on core CPI "should" have been negative for markets after a strong January print. However, the market reaction was relatively... More
