Today news
About the same in other media
Hotter than expected US inflation fails to soften June rate cut hopes
Reading now: 677
investmentweek.co.ukAccording to data from the US Bureau of Labor Statistics, US CPI rose to 3.2% in February, surpassing expectations for it to remain unchanged from January's figure of 3.1%. Shelter and gasoline were the most significant contributors, responsible for over 60% of the monthly increase in the index for all items. Hotter than expected US inflation tempers Fed rate cut expectations Nathaniel Casey, investment strategist at Evelyn Partners, said that although the figure was «warmer than expected», it is unlikely to prevent the Fed from cutting rates later in the year. Quilter Investors...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl livemint.com /8 months ago
Posthaste: Why Canada may need deeper interest rate cuts than other major economies financialpost.com /8 months ago
US consumer sentiment ticks down slightly, but most expect inflation to ease further abcnews.go.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Agency probes Philadelphia fatal crash involving Ford that may have been running on automated system
